Meaning of the word "consumer protection" in English

What does "consumer protection" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

consumer protection

US /kənˌsuː.mɚ prəˈtek.ʃən/
UK /kənˌsjuː.mə prəˈtek.ʃən/

Noun

the practice of safeguarding buyers of goods and services, and the public, against unfair practices in the marketplace

Example:
The government introduced new laws for consumer protection.
Our organization is dedicated to advocating for stronger consumer protection policies.