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Do you think it is important for us to have a law to protect the consumers welfare?why?
Consumer protection policies, laws and regulations help increase consumer welfare by ensuring that businesses can be held accountable. Businesses that are known to treat consumers fairly will gain a good reputation and become more sought after.
Yes. According to Republic Act 7394 (RA 7394) is the "Consumer Act of the Philippines" which was promulgated on July 15, 1992. It is the policy of the State to protect the interest of the consumer, promote his general welfare and to establish standards of conduct for business and industry.
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