Consumer Rights

  • Right to safety: Protection against hazardous goods
  • Right to be informed: Protection against fraudulent information
  • Right to choose: Access to a variety of products at competitive prices
  • Right to seek redressal: Ability to seek compensation for damages
  • Right to represent: Ability to be represented in consumer courts

Economics and Marketing

  • Consumers buy goods or services for consumption, not for resale
  • Consumers play a vital role in the economic system
  • Producers are motivated to produce by consumer demand
  • Personalized marketing and mass customization target consumers
  • Consumers are shifting towards becoming prosumers

Law and Politics

  • Consumer protection laws focus on living persons, not corporations
  • Consumer protection aims to address market failures and inequalities
  • Consumer interests have political significance as potential voters
  • Consumer activism works to improve products and services
  • Consumer education is incorporated into some school curricula

Role in Society

  • Consumers are the epicenter of American consumer culture
  • Consumers complete the production process through consumption
  • Consumers play a pivotal part in economics
  • Consumption is essential for individuals and their dependents
  • Consumer goods have been analyzed in different economic systems

Consumer Education and Publications

  • Non-profit publications assist in consumer education and decision making
  • Consumer education is included in some school curricula
  • Consumer protection acts differentiate between personal and commercial use
  • Various publications provide assistance in consumer education
  • Consumer education improves effective consumer performance

Consumer Mentions

Consumer Data Sources

Reference URL
Knowledge Graph