Consumer Awareness
Consumer Awareness
Efforts By:
Name: Ishandeep Singh
Class: 10th (E)
Roll No.: 437
D.A.V Public School
Acknowledgement
I would like to express my special thanks to
my teacher who gave this golden
opportunity to do this wonderful project on
the topic ‘Consumer Awareness’ which also
helped me doing a lot of research and I
came to know about so many new things
about this particular topic. Secondly I would
also like to thank my parents and my few
friends who helped me a lot in finalizing this
project within a limited time…
Certificate
This is to certify that Ishandeep Singh of
Class 10th has successfully completed the
economics project file on Consumer
Awareness in special reference to the
teacher as per the guidelines of CBSE.
It is to further certify that the project is
individual and bonafied work of the
candidate…
Teacher
Who is a Consumer??
Any individual who purchase products or services for his personal
use and not for manufacturing or resale is called a consumer. A
consumer is one who is the decision maker whether or not to buy an
item at the store or someone who is influenced by advertisement
and marketing. Every time someone goes to a store and buys a shirt,
toy, beverage or anything else, they make a decision as a consumer.
Consumer refers to any person who purchases some goods for a
consideration that has been either paid or promised to pay or
partially paid and partially promised
Consumer Exploitation
Consumer exploitation is a situation in which a consumer is
cheated or given false information by the producer. Large
companies with huge wealth, power and reach can
manipulate the market in various ways. Consumers are
cheated by the manufacture by the following ways
1. High Prices
Traders can change a price higher
than the price prevailing in the
market because of the ignorance and
urgency of the customer
2. Underweight and Under
measurement
By their cleverness traders scoop so
low that they cheat the consumer by
restarting to underweight and under
measurement tactics.
3. Sub standard quality
Some traders sell substandard quality
to the consumer. Now a days markets
are full of duplicate products
4. Adulteration and impure
products
In edible items such as oil, ghee and spices
adulteration is made in order to earn profits
5. Lack of Safety Devices
Some producers try to produce
things of poor quality without caring
for the standard safeguard norms
Introduction
Consumer Awareness is an act of making sure the buyer or
consumer is aware of the information about product, goals,
services, and consumer rights. Consumer awareness is important so
that buyer can take the right decision and make the right choice.
Consumer have the right to information, right to choose, right to
safety, right to consumer education, right to seek redressal.