NCERT Solutions Class 10 Social Science Understanding Economic Development Chapter 5

NCERT Solutions for Class 10 Economics Chapter 5

Economics is a social science that studies the complete range of factors that affect financial conditions and actions. From production to consumption, economics examines how individuals and organisations use and share the world’s in-demand resources.

In Class 10 Economics Chapter 5- Consumer Rights, Consumer Rights refers to laws that express the right to be informed about the amount, quality, purity, potency, pricing, and standards of products and services to protect consumers from unfair commercial practices. Customer Rights Class 10 discusses these rights, which every consumer in a market surrounding should be aware of. If a person believes that any of their rights have been violated at any moment, they can file a lawsuit against the good’s producer/seller using the knowledge. 

Extramarks brings forth NCERT Solutions Class 10 Economics Chapter 5, which works miraculously for the students. NCERT Solutions Class 10 Economics Chapter 5 Consumer Rights solutions by Extramarks help students with answers of the textual questions  which help them grasp the concepts quickly. Subject matter experts with several years of experience have systematically prepared these solutions so that these can be excellent aids for students to avail authentic answers and score well in the exams.

Extramarks offers a variety of study material to students of all classes. In addition to Class 10 Economics Chapter 5, material such as NCERT exemplar , CBSE revision notes, CBSE sample papers, CBSE past years’ question papers, and more are readily available at the Extramarks’ website.

Key Topics Covered in NCERT Solutions for Class 10 Economics Chapter 5

The main topics covered in the NCERT Solutions for Class 10 Economics Chapter 5 – Consumer Rights are mentioned in the table below:

Let us take a tour of Extramarks in-depth information on each subtopic in NCERT Solutions for Class 10 Economics Chapter 5- Consumer Rights.

Consumer

Extramarks NCERT Solutions for Class 10 Economics Chapter 5 explains that a consumer is a person who purchases goods or services from the marketplace for personal consumption. . Although customers cannot resell a thing, product, or service, they can utilise it to sustain themselves. Therefore, a customer is a person or group of people who consume the product with their consent in addition to the product or service buyer. To put it another way, a consumer is someone who buys the final product/service for utilisation.  

Consumer in the Marketplace

• The consumer market is not always a level playing field, and even large groups of customers are scattered. This allows customers to be exploited by a small number of large and robust producers.
• Informal moneylenders represent this. Farmer Swapna, for example, had taken out a loan and agreed to sell the product to them at a much lower cost. But unfortunately, she was also forced to sell her land after failing to clear the debt on time. This exemplifies how market customers could be exploited by such unscrupulous lenders.
• Because there are a few large producers with a lot of power and many customers who may be scattered and purchase in small amounts , markets are fundamentally unequal. As a result, it is easy for large firms to engage in unethical business practices and spread misleading information through advertising because they have plenty of money to spend on misleading advertisements.
• Regardless of reality, they may construct a story in their favour since they have substantial financial and social advantages. For eg; Companies have been marketing milk powder as the best supplement for newborns, even above mother’s milk and cigarette is being advertised immensely, which is harmful to people’s lives!
• Vendors may take advantage of clients by doing adulteration and other malpractices, such as incorrect weight measurements.

The points mentioned above are bullet points about Consumers in the Marketplace. Extramarks NCERT Solutions for Class 10 Economics Chapter 5 paints a clearer picture of the topic

Consumer Movement

• The widespread production malpractices displeased the public. However, there were no rules or regulations that penalised such irresponsible behaviour.
• For a long time when  the customers were unhappy with the purchase, they avoided purchasing from vendors or commodities with whom they had a bad experience. Because of widespread dissatisfaction with such practices, consumer movements started coming up.
• The necessity to protect and promote consumers’ interests against unethical and unfair economic practices birthed India’s consumer movement as a “social force.” The Indian government made a big step forward in 1986 due to all these initiatives. The enactment of COPRA or the Consumer Protection Act of 1986 was a major step taken by the authorities.

Mentioned above are the factors that lead to the consumer movement. Extramarks NCERT Solutions for Class 10 Economics Chapter 5 explains the topic in detail. Register with Extramarks to get access to a plethora of study material.

Consumer International

In 1985, the United Nations approved UN Guidelines for Consumer Protection. This was a way for countries to pass consumer protection legislation and consumer advocacy groups to pressure their governments. On a worldwide scale, this has become the cornerstone of consumer advocacy.

Consumer Rights

Extramarks NCERT Solutions for Class 10 Economics Chapter 5 explains the rights of Consumers as follows:

• Right to Safety: If not handled properly, many items and services can endanger our lives and cause significant harm. As this is a serious situation, it is essential to ensure safety.

To ensure safety standards, producers must follow strict laws and regulations. However, despite the law, it is not well enforced, allowing substandard items to continue to dominate the market. Moreover, in such cases, even the consumer movement is insufficient to address these concerns.

• Right to be Informed: We commonly find printed information on items we purchase or provide in the form of a handbook. Since the customers have the right to know about the commodities they buy, they are provided with a detailed description of the products or services. If a product doesn’t match with the information provided, customers can seek a refund or replacement.

The Right to Information Act (RTI), which holds all Indian government agencies accountable to the public, was recently expanded to cover various services by the government. 

• Right to Choose: The consumer has the choice of choosing the product they want to buy. They can’t be compelled to buy something they don’t desire.

This implies that we may get various products from different places without feeling forced to buy a specific set. Nobody can compel the customers to buy something which they don’t need.

• Right to Seek Redressal: A customer has the right to seek redressal if a manufacturer has exploited him/her. For instance, If the purchased goods has caused injury, the customer has the right to demand compensation from the producer/trader.
• Right to Represent: If a customer-seller disagreement cannot be settled, the customer may seek relief from the local consumer court. If his district court appeal is dismissed, he can appeal to the state and federal levels.

Justice to Consumer

Consumers have the right to seek redressal for exploitation and unfair trade practices. In India, the consumer movement has resulted in the development of many consumer forums and consumer protection bodies. They inform customers on how to file consumer court lawsuits.

COPRA is a three-tier quasi-judicial system for resolving consumer complaints at the district, state, and national levels. As per Extramarks NCERT Solutions for Class 10 Economics Chapter 5, the following are three-tier judicial systems:

• The District Forum is a district-level court that hears matters involving claims of up to Rs 20 lakh.
• The State Commission is a state-level court that hears disputes involving Rs 20 lakh and Rs 1 crore claims.
• The National Commission is a national-level court that hears cases involving claims above Rs 1 crore. If a lawsuit is dismissed at the district level, a consumer can appeal to the state level and the national level.

How to stay informed as a Consumer?

• Once consumers are aware of their rights while purchasing various goods and services, they are able to discriminate and make informed decisions as customers.
• COPRA led to the establishment of separate Consumer Affairs departments in both the federal and state governments. The ISI, Agmark, or Hallmark label gives consumers quality assurance when purchasing goods and services.

The above-mentioned are specific points on how a consumer can remain informed as per Extramarks NCERT Solutions for Class 10 Economics Chapter 5. Refer to Extramarks for well-explained notes.

Advancement in the Consumer Movement

India is one of the few nations having specific consumer redress courts. National Consumers’ Day is observed on December 24th in India. It has been more than 25 years since COPRA was implemented, and since then consumer awareness is continuously developing in our nation. Individuals must volunteer and actively participate in the consumer movement to progress swiftly.

NCERT Solutions for Class 10 Economics Chapter 5 Consumer Rights NCERT Solutions 

Extramarks NCERT Solutions for Class 10 Economics Chapter 5 Consumer Rights has explanations of essential questions as well as other key topics covered in the Class 10 Economics subject. Students should carefully read the chapter a few times to understand it thoroughly. 

Click on the below links to view NCERT Solutions for Class 10 Economics Chapter 5: 

Class 10 History Chapter 5: Very Short Answer Type Questions

Class 10 History Chapter 5: Short Answer Type Questions

Class 10 History Chapter 5: Long Answer Type Questions

Students may access NCERT Solutions for Class 10 Economics Chapter 5 and other chapters by clicking here. In addition, students can also explore NCERT Solutions for other classes below.

By getting access to Extramarks NCERT Solutions for Class 10 Economics Chapter 5, students can easily understand The Rights of Consumers.

Key Features of NCERT Solutions for Class 10 Economics Chapter 5

Students must thoroughly review all topics to achieve good marks in the class tenth board examinations. One of the simplest methods to absorb all information is to go over NCERT Solutions. As a result, Extramarks presents NCERT Solutions for Class 10 Economics Chapter 5. A student can refer to these solutions to pass with excellent grades. Listed below are some of the benefits of using Extramarks:

• The experienced teachers and experts from Extramarks have put together the most crucial information on this topic based on the CBSE guidelines. 
• Once students go through these solutions, they are instilled with confidence.
• These solutions are made in a systematic and precise manner.