What is consumer? Explain the rights and responsibilities of consumer.
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A consumer is the person who is willing and able to buy a product of a firm.They create the demand which forms the demand curve and help to determine how much is produced.
Consumers have the right to be charged appropriately for goods by eliminating exploitation in the form of prices or quality.They should be value for their money.
Consumers have the responsibility of paying on time for the products they buy and to give reviews wherever possible.
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