Introduction to Microeconomics

Introduction to Microeconomics

Consumer Goods Introduction to Microeconomics:- Consumer goods are those goods that directly satisfy human needs, they are not used for the production of other goods. Durable Consumption Goods These are things that are used for many years – eg 1- T.V 2- Car Semi-Durable consumption goods These are goods which are use for 1 year … Read more

What do you understand by consumer protection?

What do you understand by consumer protection

What do you understand by consumer protection:- Consumer protection refers to all such measures which protect the consumers from various types of exploitation by the sellers. In other words, consumer protection is to provide proper protection to the basic rights and interests of the consumer. In fact, consumer protection is a broad term that includes … Read more

160 cm are how many feet and – 160 cm to feet inches?

160 cm to feet

160 centimeters is equal to 5 feet and 2.992 inches. There are easy ways to calculate how many feet and inches are in 160 centimeters. The first method is to perform simple arithmetic calculations that are not difficult. To perform arithmetic calculations, you need to be aware of length measurement units and how they work. … Read more

What is the Consumer Protection Act, 1986? Explain consumer rights

What do you understand by consumer protection

What is the Consumer Protection Act? The Consumer Protection Act, implemented in 1986, gives easy and fast compensation to consumer grievances. It safeguards and encourages consumers to speak against insufficiency and flaws in goods and services. If traders and manufacturers practice any illegal trade, this act protects their rights as a consumer. The primary motivation … Read more

Consumer Protection Act 1986

Consumer Protection Act 1986

The Consumer Protection Act 1986 was implemented in India to protect the interests of consumers. This Act has come into force with effect from 1st July 1987 in the whole of India except the State of Jammu and Kashmir. After the enactment of this Act, many shortcomings started appearing in it and the need to … Read more