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Name one statutory consumer protection agency - Leaving Cert Home Economics - Question 11 - 2022

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Question 11

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Name one statutory consumer protection agency. Outline the role of the statutory agency named.

Worked Solution & Example Answer:Name one statutory consumer protection agency - Leaving Cert Home Economics - Question 11 - 2022

Step 1

Name one statutory consumer protection agency.

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Answer

One statutory consumer protection agency is the Competition and Consumer Protection Commission (CCPC).

Step 2

Outline the role of the statutory agency named.

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Answer

The Competition and Consumer Protection Commission (CCPC) has several important roles:

  1. Enforcement of Consumer Protection Laws: The CCPC enforces a range of consumer protection laws, ensuring that businesses adhere to fair practices and do not exploit consumers.

  2. Providing Information: It provides information and guidance to consumers regarding their rights, helping them understand personal finance, and informing them about product safety regulations.

  3. Combatting Misleading Practices: The agency investigates and addresses misleading marketing practices that could harm consumers.

  4. Public Awareness Campaigns: The CCPC engages in public awareness campaigns to educate consumers about their rights and safe practices in the marketplace.

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