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The Role of Consumer Forums and Regulatory Bodies in Curbing Unfair Trade Practices

Year: 2025

Type: article

Abstract: : The collaboration between consumer forums and regulatory bodies is essential for addressing the multi-faceted issue of unfair trade practices. While consumer forums offer a direct avenue for consumer grievances, regulatory bodies provide the legal and enforcement mechanisms required to uphold market integrity. Together, they form a robust system of checks and balances, ensuring that businesses comply with consumer protection laws. This collaboration leads to more efficient identification of unfair practices, better consumer education, and a stronger deterrent effect on businesses that engage in unethical practices. Furthermore, such partnerships enhance transparency and help foster a market that prioritizes consumer welfare over short-term profits.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.15695105

Author: Mali, Shashikant Anna

Language: English

Topic: Dispute Resolution and Class Actions

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: green

OpenAlex ID: W6911867685

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