Explain the following statements by giving reasons.

Consumer movement came into existence.

The consumer movement came into existence in 1986 with the Consumer Protection Act to address cases of frauds in the economic exchanges. It takes each citizen to be a consumer and has a broader objective is to protect the consumer against adulteration and frauds, understanding the changing nature of consumer grievances.

The Consumer Protection Act proved its importance with the economic liberalization of India in 1990s. The consumer forums proved to be a good system of check and balance into quality control and after sales services in the market place.