Question

Federal and state governments have enacted a variety of statutes that regulate the safety of​ food, drug,​ cosmetics, toys,​ vehicles, and other products. these laws are collectively referred to as​ _____ laws.

Answer 1

These laws are collectively referred to as​ "consumer protection" laws.

Consumer protection refers to a group of laws and associations intended to guarantee the privileges of buyers, and in addition reasonable exchange, rivalry, and exact data in the marketplace. The laws are intended to keep the organizations that participate in misrepresentation or determined unfair practices from picking up favorable position over competitors. They may likewise give extra insurance to those most powerless in the public arena.