Consumer Awareness
ICSE · Class 10 · Economics
Complete topic list for Consumer Awareness in ICSE Class 10 Economics. Key concepts, sub-topics, and what to focus on for board exams.
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See them allTopics in Consumer Awareness
Consumer in the Market Place
- A consumer is anyone who buys goods and services for personal use
- We participate in the market as both producers and consumers
- Consumers often have weaker position compared to sellers in the market
Forms of Consumer Exploitation
- Underweight and under-measurement of goods
- Charging prices higher than Maximum Retail Price (MRP)
- Selling substandard quality products including expired medicines
Consumer Movement and Consumerism
- Consumerism is a social force to protect consumer interests through organized pressure
- Consumer movement started in 1960s-70s as education levels improved
- Initially focused on writing articles and holding exhibitions
Consumer Rights
- Right to be Informed - about quality, quantity, price, and other product details
- Right to Choose - freedom to select from variety of goods without compulsion
- Right to Seek Redressal - compensation for damages and exploitation
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