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What is the need for consumer awareness? Give two reasons. - Economics

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Question

What is the need for consumer awareness? Give two reasons.

Answer in Brief

Solution

Two reasons are:

  1. The businessman should not exploit the consumer.
  2. The consumer should be completely aware of the quality, standards, quantity, and so on of the goods to purchase.
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Chapter 14: Consumer Awareness - Exercise [Page 214]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 14 Consumer Awareness
Exercise | Q 3. | Page 214
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