How does the government protect consumers?
- Anonymous4 years agoFavorite Answer
In many ways, most often by public intervention or government options in the market which establish us as a mixed market economy. The government protects consumers by having agencies like the FDA and the ATF regulate our foods, medicines, and other consumptive products. This keeps us from devouring and purchasing unsafe products. The government also offers public options to typically private-sector produced goods and services. For example, while health insurance in the private sector is readily available from many sources, the government provides medicare and medicaid for those that desire it instead.
- geraldLv 74 years ago
they basically don't we would all be better off if they hadn't deregulated the banks if 2008 hadn't happened it could be a different world today yes if is a big word but we the people had to pay billions to bail them out we have had recession ever since and we still take the punishment as if we did it
- Brian BLv 74 years ago
By prohibiting and prosecuting companies who target vulnerable consumers from deceptive, immoral or unethical businesses. That is why Trump U is going to trial for fraud.
- bubbaLv 64 years ago