ICSE BoardEnglish MediumSTD 10EconomicsConsumer Awareness2 Marks
Question
What is the need for consumer awareness? Give two reasons.
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Answer
Consumer awareness is an act of making sure that the consumer or buyer is aware of the information about products, services and consumer rights. The reasons are : (i) To protect and promot consumer interest. (ii) to safeguard consumer rights. (iii) To prevent consumer exploitation from unfair trade, practices. (iv) to represent consumer interest before the government. (v) To provide a meaningful consumer protection through proper legislation.
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