Understanding the concept of product liability, its implications, and its applications in economics and law.
Explanation of the economic and legal principle of caveat emptor, meaning 'let the buyer beware'.
An exploration of the UK body set up to replace the Competition Commission and the Office of Fair Trading.
Laws and regulations designed to ensure the rights of consumers are upheld and to safeguard against harmful practices.
An entry that explains the concept of consumerism, focusing on its economic implications and frameworks.
A comprehensive overview of the concept of 'Guarantee' in economics, including its meanings, contexts, and applications.
The Office of Fair Trading (OFT) was the UK government body responsible for administering competition policy from 1973 to 2014.
An in-depth look into quality standards, their definitions, implementations, and impact on economics.
