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Who is a Consumer? - Toppr Any individual who purchases 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
What are the duties of a consumer? - Toppr Act of responsibility- Consumer must use the products purchased in a way that doesn't negatively impact the environment or other consumers Consumers should follow the product instruction and safety labels, to avoid harming others with the use of the item
What is consumer exploitation? - Toppr 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 At times they pass on false information through the media,and other sources to attract consumers
What factors gave birth to the consumer movement in India . . . - Toppr More recently, there has been an upsurge in the number of consumer groups who have shown concern towards ration shop malpractices and overcrowding of public transport vehicles In 1986, the Indian government enacted the Consumer Protection Act, also known as COPRA This was a major step in the consumer movement in India
Consumer Protection: Consumer Movement in India, Rights, Laws, Videos The Consumer Protection Act of 1986 ignited the consumer movement in India Since then many organizations have tried to champion the cause for the benefit of the consumers Let us take a look Intro Importance of Consumer Protection; Consumer Protection Act; Consumer Rights Responsibilities; Legal Protection to Consumers; Consumer
Explain the role of consumer organisations and NGOs in . . . - Toppr Nowadays consumer organisations are playing a major role in encouraging consumers to raise their voice against faulty and inferior products (5) Helping Educational Institutions: These organisations tell the educational institutions the way to prepare courses of study keeping in view the interests of the consumers
Explain the conditions of consumers equilibrium with the of . . . - Toppr Likewise, if P(of X) is greater than MU(in terms of money), the consumer will be prompted to buy less of good X, leading to a fall in MU Condition 2: Marginal utility of money remains constant Condition 3: Law of marginal utility holds good
Rights of a consumer are protected under - Toppr The Consumer Protection Act, 1986 provides for six rights of consumers The consumer protection councils set up under the Act are intended to promote and protect the various rights of consumers Hence, option (C) is the correct answer
A rational consumer is a person who - Toppr A rational consumer is a person who _____ is influenced by persuasive advertising; behaves at all times, other things being equal, in a judicious manner knows the price of goods in different market and buys the cheapest has perfect knowledge of the market