Consumers are protected via the implementation of regulatory policy and consumer behavior.
In order to improve economic and social outcomes, as well as the lives of residents and businesses, consumer behavior and regulatory policy aims to achieve governmental objectives through the employment of rules, laws, and other tools. Regulatory regulations include things like removing lead from fuel, establishing worker minimum salaries, and installing airbags in all automobiles. Government controls are essential for preserving both market fairness and public safety. For instance, laws governing food safety shield customers from germs that might spread illness widely. The government can reduce the likelihood of food-borne illness by establishing rules.
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