Consumer protection refers to the laws and regulations designed to ensure the rights of consumers are upheld. This includes safeguarding against unfair business practices, false advertising, and defective products. Organizations like the Federal Trade Commission (FTC) in the United States work to promote fair competition and protect consumers from fraud. By enforcing these laws, consumers can feel more secure when making purchases and can seek recourse if they encounter issues.
Additionally, consumer protection helps educate individuals about their rights and responsibilities. It empowers consumers to make informed choices and encourages businesses to maintain ethical standards. Resources such as consumer advocacy groups provide valuable information and support, ensuring that consumers are aware of their rights and can take action if needed.