Consumer Awareness — Flashcards

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A consumer is a person or group of people, such as a household, who are the final users of goods or services. Anyone who buys goods and services for personal use is a consumer.

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A producer or seller manufactures or sells goods and services. A consumer buys goods and services for use. The producer makes or sells, while the consumer uses the final product.

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Consumer protection means protection of consumers against wrong practices of sellers in the market. It includes protection from unfair trade practices, unsafe goods, false information, and overchargin…

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Consumer protection is needed because consumers may face illiteracy, lack of organisation, unsafe products, spurious goods, and deceptive advertising. These problems make consumers weaker than sellers…

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Common forms of consumer exploitation include underweight and under measurement, high prices, substandard quality, adulterated products, misleading and false information, lack of safety devices, artif…

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Adulteration means mixing inferior quality goods with superior products. In food, it lowers nutritive value and harms health. It is often done to earn higher profits or increase the weight of goods.

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Food adulteration is the process of lowering the nutritive value of food either by removing a vital component or by adding substances of inferior quality. It can cause health problems and financial lo…

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The main reasons are to get more profit, to increase the weight of goods, and to increase the volume of trade by showing lower prices.