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Questions and Answers
What is the main focus of class 10 economics chapter 3?
What is the main focus of class 10 economics chapter 3?
- Market competition
- Consumer rights and responsibilities (correct)
- Supply and demand
- Labor market dynamics
Which concept is NOT covered in class 10 economics chapter 3?
Which concept is NOT covered in class 10 economics chapter 3?
- Product safety standards
- Monopoly power (correct)
- Consumer protection laws
- Business ethics
What is the purpose of studying consumer rights and responsibilities in economics?
What is the purpose of studying consumer rights and responsibilities in economics?
- To promote government intervention in the market
- To increase business profits
- To minimize competition among businesses
- To protect consumers from unfair business practices (correct)
How does understanding consumer rights benefit individuals in the market?
How does understanding consumer rights benefit individuals in the market?
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