Combined approach to consumer protection

The combined approach to consumer protection integrates both government regulations and self-regulation by businesses. It involves laws and policies that set standards for product safety, truthful advertising, and fair treatment of consumers. At the same time, businesses adopt ethical practices and create their own codes of conduct to enhance trust and accountability. This dual strategy helps ensure that consumers' rights are safeguarded while encouraging companies to maintain high standards, fostering a fair marketplace where both sides are protected and informed.