Discuss in detail the exercise of ‘Consumer Responsibility’.
Consumer responsibility can play a very important role in not only checking the market but also in restricting unnecessary consumption. It is not the sole responsibility of the market or of the government to provide consumers with detailed information. A consumer, on his part, must make every effort to inform himself of the product or service. For example, if a consumer consumes a health product, he must make efforts to inform himself beforehand about its possible side-effects, and must also exercise caution regarding his eating habits, diet and physical exercise, to take full advantage of the product.
Consumer responsibility is based on ethics and rationale. There are no definitive set of consumer responsibilities and a consumer must exercise restraint in consumption to consume responsibly. For
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