What does the acronym 'FTC' represent?

The acronym 'FTC' stands for the Federal Trade Commission. This is a crucial agency in the United States responsible for protecting consumers and maintaining competition in the marketplace. The FTC enforces various consumer protection laws, ensuring that businesses engage in fair practices and do not deceive or harm consumers. The agency also investigates complaints from consumers and can take legal action against companies that violate consumer rights.

Understanding the role of the Federal Trade Commission is important for anyone studying consumer rights, as it plays a vital part in regulating commercial practices and safeguarding consumer interests against unfair methods of competition and deceptive acts.