As is that the case when a social harm is identified, the federal governmentwill step in and style regulations which will prevent further damage byunethical companies. Currently the govt. protects consumersfrom unethical companies in several ways.
The Federal Trade Commission (FTC) monitors advertising to ensure that companies aren’t misleading the general public with false advertising.
The goal is to kill deceptive practices. Another government agency, the Food and Drug Administration (FDA), protects consumers by monitoring the security and quality of the many products. Additionally, the govt. has many policies in situ to encourage competition within the market so as to make sure that buyers won’t be charged unfair prices for goods and services. to the current end, the government’s antitrust statutes prevent monopolies from forming. The government has also protected consumers from unfair pricing by deregulating industries, like the telecom industry, so as to permit more competition to enter the market.
1 Comment