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What Are The Utilities Of Consumerism?

Answer»

Well-organized and dynamic consumerism may be expected to produce the FOLLOWING results:

  1. Producers and sellers will not take the consumer for granted.
  2. Consumerism will provide feedback for the business.
  3. Producers will be able to enlist the support of consumers to minimise the imperfections on the DISTRIBUTION FRONT.
  4. Consumerism will make the government more responsive to consumer interests, prompt it to take necessary statutory measures, and make the REQUIRED institutional arrangements to SAFEGUARD consumer rights.

Well-organized and dynamic consumerism may be expected to produce the following results:


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