Question

Express why we consumer awareness IS IUW II Wuld.
18. Highlight the importance of Project Priyadarshini'.
19. Show the relationship between price and supply of a good in the mar​

Answer 1

Explanation:

Look around and you will find that the number of products being

manufactured and sold is steadily increasing in both urban and rural

markets. We are all aware that manufacturers are responsible for supplying

good quality products and if there is a problem, consumers have the right

to redressal. Manufacturers can no longer take consumers/customers for

granted. With increasing number of consumers and volume of consumption

of goods and services, manufacturers/suppliers/service providers have

begun to realise that it is important to respect and satisfy the ‘consumer’,

since the reputation of the company and its profits are determined by

consumer opinion. India has been transforming from an underdeveloped to

a developing economy. Much of this can be attributed to industrialisation

and globalisation. These economic changes have improved the standard of

living along with increased buying power. We are living in a ‘global village’

and facing the challenges of global markets. The march towards ‘global

economy’ necessitates a global outlook on the part of consumers who

cannot sit back and watch. They have to emerge as a progressive force to

ensure their welfare. They have to understand the economic system and

inter relationships of individuals with each other, with business and with

government. It is necessary for today’s consumer to be careful, alert and

be well informed. Consumer education and protection have thus become

important

Answer 2

$answer$

The consumer awareness is low in India due to the lack of education and awareness among the masses.

$by \\ arifah \: khatun$

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