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Institutionalization of Consumer Protection by Government Involvement and Responsabilization of Business Organizations

Author

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  • Gheorghiu Gabriela

    (“Ovidius” University of Constanta, Faculty of Economic Sciences)

Abstract

The existence of “sovereign consumer”, appealed by the adherents of free market cult, is jeopardized, within the context of economic reality, by the manifestation of some market failures. Consequently, the purpose of this paper is the argumentation of the importance of direct consumer protection as an instrument for assuring his sovereignty within market economy.

Suggested Citation

  • Gheorghiu Gabriela, 2012. "Institutionalization of Consumer Protection by Government Involvement and Responsabilization of Business Organizations," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 499-503, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:499-503
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    More about this item

    Keywords

    consumer protection; institutions; legislation; government; business organizations;
    All these keywords.

    JEL classification:

    • D18 - Microeconomics - - Household Behavior - - - Consumer Protection
    • K29 - Law and Economics - - Regulation and Business Law - - - Other
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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