Question

What is consumer education with example by?

Answer 1

Consumer education is pivotal within the buying society. Consumers are informed on how to make better buying decisions that directly affect the functioning of the economy. A recent example of consumer education was during the recession that hit the Unites States between 2009 and 2011.

Answer 2

Consumer education is the preparation of an individual to be capable of making informed decisions when it comes to purchasing products in a consumer culture. It generally covers various consumer goods and services, prices, what the consumer can expect, standard trade practices, etc.