Importance Of Consumer Protection Act 1986
The Consumer Protection Act, 1986 is the most important legislation enacted to provide for effective safeguards to consumers against various types of exploitations and unfair dealings, relying on mainly compensatory rather than a punitive or preventive approach. Every individual is a consumer, regardless of occupation, age, gender, community or religious affiliation. Consumer rights and welfare are now an integral part of the life of an individual and we all have made use of them at some or the other point in our daily routine. A healthy and developing insurance sector is of vital importance to every modern economy. The growing size of the sector, the high level of sophistication in marketing and selling practices and forms of promotion like advertising, etc. have contributed to the increased need for protection of insurance policy holders. Consumers are the largest economic group and have always been a game changer for economic activities and therefore, are to be treated as the king in a changing business scenario. Despite the fact that consumer protection is a crucial and sensitive affair, it is surprising to note that consumer affairs are not expressly mentioned anywhere in the Indian Constitution i.e. the Indian Constitution carries no express provision relating to consumer protection. But since consumer justice is an integral component of social and economic justice, which the state is duty bound to secure to its citizens, the central and state government are mandated
Summary Of Australian Competition And Consumer Commission V Ticketek
1356 Words | 6 PagesAustralian Competition & Consumer Commission v Ticketek Pty Ltd (2011) Nature of the Case and the central legal issue Australian Competition and consumer law (ACCC) held proceedings in 2011 against Ticketek Pty Ltd at the Federal Court for contravening with Section 46 of the Trade Practices Act now known as the Competition & Consumer Act (2010) at four instances. Tickettek was alleged for deterring or preventing Lasttix from engaging in competitive conduct in the ticketing related services market when they refused to apply discounted prices that were to be published by Lasttix (a rival ticketing company) & by doing so taking advantage of their substantial market power . The parties agreed to the pecuniary penalty issued by the federal court of $2.5 million on the 22nd December 2011 . Reasons for Choice & Importance of Case
Affordable Care Act Case Study
991 Words | 4 PagesWhile the individual mandate combats adverse selection and attempts to play on the core of human decision making, the exchanges employ old fashioned competition and market forces to penetrate an insurance market not exactly teeming with deals. Both provisions attempt to effect market conditions and in a greater attempt move toward a solution to our nations under insured and over-priced healthcare
Interstate Commerce Act Of 1887
219 Words | 1 PagesThe Interstate Commerce Act (ICA) took place on February 4, 1887, when the Senate and House of Representatives granted Congress the power to regulate interstate railroads. This act included all transactions across several states. The Railroad Industry began taking advantage of the public by overcharging farmers, small business owners, and city to city passengers. The Interstate Commerce Act of 1887 originally regulated shipping rates on the Railroad system, but later improved delivery of all kinds such as air travel, trucking, and shipping. The Railroad Industry’s unfair practices targeted the public with underhanded prices.
Pros And Cons Of The Tax Reform Act Of 1986
601 Words | 3 PagesA. Policy The Tax Reform Act of 1986 (Winfrey 2016) sponsored by two Democrats, Representative Richard Gephardt of Missouri and Senator Bill Bradley of New Jersey. The goal was to make the tax code easier and widen the tax base. President Reagan signed the Tax Act on October 22, 1986. The macroeconomic problem being address is, The Tax Reform Act of 1986 did not significantly reduce the number of tax expenditures.
Food And Drug Act 1906
127 Words | 1 PagesThe 1906 Pure Food and Drug Act prevented the manufacture, sale, or transportation of misbranded or poisonous foods, drugs, medicines and liquors, and regulated the trafficking of such items. This act was ruled by the Senate and House of Representatives in Congress, and is regulated today by the U.S. Foods and Drugs Administration today. This act was very successful in improving public health, for according to the Social Security bureau of the United States, now manufactured new drugs have to be inspected and certified by appropriate personnel. This allowed for the revision of many drugs and foods, and got rid of many drugs that used strange and unusual ingredients. This included the banning of cocaine cough drops and soothing syrups that contained
Research Paper On The Sherman Antitrust Act Of 1890
418 Words | 2 PagesLaissez fair mean that Government should stay out of businesses. So that caused lot of problem like over taxing and hijacking all the prices of the products. However,The Sherman Antitrust Act of 1890 was the first measure passed by the U.S. Congress to prohibit abusive monopolies, and in some ways it remains the most important, it was also the first Federal act that outlawed monopolistic business practices. The Sherman Anti-Trust Act passed on April 8, 1890.
2.1 Explain Child Protection Within The Wider Field Of Safeguarding
1132 Words | 5 PagesWhen working with children and young people, it is important that their safety and well-being is paramount. There are a number of guidelines, policies and procedures which cover the safeguarding of pupils, including; Working together to safeguard children (2013)- This policy sets out guidelines of how organisations and individuals should work together to safeguard and promote the welfare of children and young people in accordance with the Children Act 1989 and the Children Act 2004. As well as laying out these guidelines, the document also provides a summary of: The nature of child abuse and neglect and the impact it may have on children and young people. How to operate the best practice in child protection procedure.
The Importance Of The Townshend Act
171 Words | 1 PagesThe British were low on money from the French and Indian war, so Charles Townshend decided place a duty, or tax, on certian goods the colonies imported from Great Britain. Glass, paint, paper, and tea were a few of the taxed items. The colonists were not happy that they were getting taxed without their consent. Sameul Adams helped convince the colonies to start a boycott. Women played a very important part in the boycott.
Legislation Affecting Safeguarding
720 Words | 3 PagesThere are a numbers of policies with the UK that affect the safeguarding of children and young people. The United Nations brought in the Convention of the Rights of the Child 1989 which sets out the rights of children. Included in these rights are the right to an education, the right to privacy and the right to be protected from physical harm, abuse and exploitation. The rights apply to all children and ensure that they are protected and looked after in an appropriate way.
Consumer Class In Canada
993 Words | 4 PagesStatistics show that today there are over 1.7 billion members of the “consumer class”- half of them being in the developing world (2011, the World Watch Institute). Being part of the consumer class myself, I believe it is crucial to dispense a great deal of money on goods and services to improve the economy here in Canada. Does this mean I’m considered to be a consumer as a result of my views on world consumption? Yes, I fit into the category of a consumer due to the fact that I’m part of the endless cycle of supply and demand. From the moment I leave my house and walk the two minutes to the bus stop I’m already thinking about what I’m going to buy.
Persuasive Essay On Health Care
955 Words | 4 PagesInsurance companies are making a huge amount of profit. The profit that these
Effects Of Consumerism On Poverty
1361 Words | 6 PagesTherefore, Consumerism has variety of meanings, it can be defend as protecting consumer interests, advertising, sales promotion decency, and the quality of the products. Also, it can be defended as consumer rights protection. Consumerism affects poverty because it causes some to consume more than they need, forces limits on choice, and influences
The Pros And Cons Of The Human Rights Act 1998
1171 Words | 5 PagesHuman rights were initiated for the protection of the basic civil and political liberties in the general public. In the United Kingdom the Human Rights Act of 1998 came into force in October 2000. The aim of the HRA in the UK was to provide further legal effect to the basic rights and freedoms contained in the European Convention of Human Rights. The rights contained in the HRA not only affect essential matters of life and death, but also issues that occur in people 's daily life. Considering the broad range of basic rights covered, it is not astonishing that the HRA is viewed as one of the most significant segments of legislation ever passed in the UK.
Examples Of Consumerism In Brave New World
806 Words | 4 PagesConsumers can be from working and upper social class. Although in the book, the lower caste is conditioned to consume more of society. Evidence: “The idea was to make them want to be going out into the country and every available opportunity, and so compel them to consume transport” (22). Analysis: The author’s use of parallel, he wants the society “to be out going into the country” contradicts how he wants to “abolish the love if nature” (6). The use of punctuation makes it feel to the readers to be continuous and not much to pause.
Consumer Buying Behaviour Essay
1057 Words | 5 PagesConsumer is one who consumes the goods & services product. The aim of marketing is to meet and satisfy the Consumer needs and wants. The modern marketing concept makes customers the centre stage of organisation efforts. The focus, within the marketing concepts is to reach target and largest customer’s sets ball rolling for analysing each of the conditions of the target market1. Consumer behaviour can be defined as “the decision making process and physical activity involved in acquiring, evaluating, using and disposing of goods and services”.
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