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Consumer protection facts for kids

Kids Encyclopedia Facts

Consumer protection refers to a group of laws and organisations designed to protect the rights of consumers. It also helps to protect fair trade competition and truthful information in a market economy.

The laws are designed to stop companies using unfair practices to gain an advantage over their competitors. Examples of such practices are fraud and "false advertising", where a company advertises their product with false information.

Consumer protection laws are a form of regulation.

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Consumer protection Facts for Kids. Kiddle Encyclopedia.