Final answer:
The right to redress for consumer protection refers to the consumer's right to secure a fair settlement of justifiable claims,(option C) such as receiving a refund or replacement for a defective product. It's a fundamental component of the economic rights that balance individual freedoms with consumer responsibilities in the marketplace.
Step-by-step explanation:
The right to redress in the context of consumer protection means that consumers have the right to a fair settlement of justifiable claims. This right ensures that if a consumer purchases a product or service that is found to be defective or does not meet the standards promised by a seller, the consumer is entitled to seek a remedy. This remedy could be a refund, a replacement, or compensation for any losses incurred.
Understanding and exercising one's economic rights are essential aspects of consumer protection, and consumers also bear responsibilities in this social contract. Contributing responsibly to the economy, using products safely, and speaking up to ensure one's rights are respected are all part of the balance between rights and responsibilities in a free-market society.
When consumer rights are potentially infringed upon, it is crucial for consumers to know how to assert their rights to redress. Alongside the right to redress, consumers also have the right to safety, the right to be informed, the right to choose, and the right to be heard, as part of ensuring a fair market practice.