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Justifications for Intervention in the Marketplace in Favor of Consumer Protection

Author

Listed:
  • Gheorghiu Gabriela

    () („Ovidius” University of Constanta)

  • Popovici Veronica

    () („Ovidius” University of Constanta)

  • Bunda Ramona Nicoleta

    () („Ovidius” University of Constanta)

Abstract

Economic reality of everyday life places the consumer in an objectively unbalanced report in favor of the producer/trader, even if the first, with his needs, should be both the origin and the final point of production activity. In this context, the present paper contains an analysis of the reasons behind the intervention in the marketplace in favor of consumers. Each one with its advantages and its limitations, these reasons have allowed the development of comprehensive national systems for consumer protection.

Suggested Citation

  • Gheorghiu Gabriela & Popovici Veronica & Bunda Ramona Nicoleta, 2010. "Justifications for Intervention in the Marketplace in Favor of Consumer Protection," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 651-655, May.
  • Handle: RePEc:ovi:oviste:v:10:y:2010:i:1:p:651-655
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    More about this item

    Keywords

    consumer protection policy; competition policy; market failures; economic power; infomation; measures;

    JEL classification:

    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection

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