Explain how there is a scope for the consumers to realise their role and importance

Dear Student

Consumers play a very vital role in the economy . They are the last but the most essential entity of the production cycle . Without consumer base production becomes meaningless . More the consumers a producer can attract more profit he earns . Consumers should understand that producers are not doing a favour by producing goods and services . As consumers it is our duty to have full knowledge about the products we buy , to negotiate prices and ask for best quality products . Organisations such as consumer forums help consumers to protest against any unfair situation . Consumers rights , awareness are means to enlighten the consumers about their importance in the economy .


  • 0
What are you looking for?