Single Answer MCQ
Q-00015526
What is a reason the government is involved in consumer protection?
1
To promote global trade
2
To maintain a balance between producers and consumers
3
To increase manufacturers' profits
4
To privatize public services
Answer and Solution
Answer
B. To maintain a balance between producers and consumers
Solution:
The government intervenes to maintain a balance between the interests of producers and consumers, ensuring fair trade practices. The other options do not align with the objective of consumer protection.
Watch Video Solution