Can please anyone explain me the differences between conumer interest and public interest.I read in study mat but unable to understand it.
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Ethics problem
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CONSUMER INTEREST HAS LIMITED SCOPE RATHER THAN PUBLIC INTEREST.....BECAUSE REASON IS THAT CONSUMER INTEREST IS "SAFETY OF ONLY CONSUMER WHO CONSUME THE GOODS PURCHASED BY HIM OR BY ANOTHER ONE".......OR PUBLIC INTEREST "SAFETY, OF WHOLE SOCIETY(PUBLIC)...IN CONSUMER INTEREST VALUE IS GIVEN ONLY TO CONSUMER...IN PUBLIC INTEREST WHOLE SOCIETY....CONSUMER ALSO COVERED IN THE SOCIETY OR PUBLIC
DIFFERENCE BETWEEN CONSUMER INTEREST AND PUBLIC INTEREST
|
POINT OF DIFFERENCE |
CONSUMER INTEREST |
PUBLIC INTEREST |
|
Meaning |
The areas in which the consumers as a whole are benefitted is called consumer interest. |
The areas in which the “society as a whole” has some interest is called public interest. |
|
Members |
Consumer is a member of a broad class of people who purchase, use, maintain & dispose of product & services. |
Society is a collection of subsystems, e.g. consumers, manufacturers, distributors, input suppliers, service providers, etc. |
|
Factors |
Consumers are affected by pricing policies, financing practices, quality of goods & services and various trade practices. |
Public interest reflects the morals during period & also the established interest of the society. |
|
Scope |
Consumer interest is restricted in scope as it is only a sub-system of a larger system i.e. general public/society. |
Public interest is wider in scope in comparison to consumer interest. |
|
Examples |
Formulation of Competition Act, Regulation of Consumer Protection Councils, Consumer Courts etc. |
Maintenance of Law & Order, Providing for Defence of the country etc. |
u r welcum
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