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Consumer Protection
Consumer Protection
Consumer Protection
Consumer Protection
Consumer Protection
Consumer Protection
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Consumer Protection

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Knowledge is power. It is important for consumers to be safe from faulty products and predatory producers.

Knowledge is power. It is important for consumers to be safe from faulty products and predatory producers.

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  • 1. Consumer ProtectionHow can citizens take steps to protectthemselves financially? How does the government try to protect citizens?
  • 2. Consumer Protection What is “Consumer Protection?  Protection by the government from business practices that are unfair, deceptive, or fraudulent Why legislation (laws)?  Products are complicated and consumers cannot know everything about them.
  • 3. Consumer Protection The Federal Trade Commission (FTC) is the main government agency tasked with regulating businesses in order to protect consumers.
  • 4. Consumer Protection The FTC’s Bureau of Consumer Protection assists consumers with  identity theft issues,  getting credit and loans,  equal opportunities in jobs and education,  business scams  and much more.
  • 5. Consumer Protection How are consumers protected from business practices that are unfair, deceptive or fraudulent?
  • 6. Consumer ProtectionTrade-offs for protection1. businesses must spend money on research and testing  this price is passed on to consumers2. competition may be reduced  hard for new or small businesses to stay in business3. the introduction of new ideas can be slowed  testing is time consuming

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