Name: Edward Joseph B.

Tiel Date Submitted: November 30, 2023

Activity No. 7.2 Program/Year/Section: BTVTED 4A-ELXTE

I. Instruction: Answer the following Questions below about consumer

education.
1. Who is consumer?
A consumer is an individual or entity that uses goods, services, or resources to satisfy
their needs and wants. In the context of economics, a consumer is someone who
purchases and utilizes products or services in the market. Consumers play a crucial role
in the demand and supply dynamics of an economy, influencing businesses and
markets through their purchasing decisions.

2. How do consumers determine “how much goods to buy”?

Consumers decide how much to buy based on factors like price, income, preferences,
and perceived value. Their choices are influenced by social factors, advertising, and
economic conditions. The goal is to maximize satisfaction within budget constraints,
considering individual tastes and external influences. The decision of how much goods
to buy is a complex process influenced by a combination of individual preferences,
economic factors, and external influences.

3. Explain how consumer education can improve for environment?

Consumer education can contribute significantly to environmental improvement by
fostering awareness, responsible consumption, and sustainable practices. Consumer
education for the environment is pivotal in fostering a more sustainable society. By
increasing awareness of the environmental impact of products and promoting eco-
friendly practices such as recycling and energy conservation, individuals can make
informed choices. Understanding the significance of eco-labels and certifications
empowers consumers to support products with environmentally friendly attributes.
Advocating for responsible consumption, including buying based on necessity and
prioritizing quality over quantity, contributes to reduced environmental impact. Educating
consumers on individual carbon footprints encourages choices that lessen personal
environmental burdens. By influencing companies to adopt sustainable practices and
supporting policies that prioritize the environment, informed consumers play a crucial
role in shaping a greener future. Additionally, introducing the principles of a circular
economy, emphasizing resource reuse and recycling, further contributes to a more
sustainable economic model. In summary, consumer education equips individuals with
the knowledge and mindset to make environmentally conscious decisions, driving
positive change for the planet.
4. Explain the meaning of the following:

a. Right to safety Protection

The right to safety practices refers to the fundamental consumer right that ensures
products and services offered in the market meet specified safety standards. This right
is a part of consumer protection and implies that consumers have the expectation to be
protected against goods and services that may pose risks to their health or safety. This
right emphasizes the responsibility of manufacturers, service providers, and authorities
to ensure that goods and services do not pose unreasonable threats to the safety of
consumers. This protection extends to various aspects such as product design,
manufacturing processes, labeling, and adequate warnings. Governments and
regulatory bodies often establish standards and regulations to enforce the right to safety
protection, aiming to guarantee that consumers can confidently use products and
services without undue risk to their well-being. This right is a key component of
consumer rights frameworks globally, emphasizing the importance of prioritizing the
safety and well-being of individuals in the marketplace. Overall, the right to safety
practices aims to safeguard consumers from harm, encourage responsible business
practices, and promote the well-being of individuals in the marketplace.

b. Right to redresser

The right to redress, also known as the right to remedy or compensation, is a

fundamental consumer right that ensures consumers have the means to seek
compensation or resolution when they are dissatisfied with a product or service. It refers
to a consumer’s entitlement to seek remedies or compensation for harm or
dissatisfaction resulting from the purchase or use of a product or service. It implies that
consumers have the right to have their grievances addressed and resolved through
various means, such as refunds, replacements, repairs, or compensation. This right
underscores the importance of holding businesses accountable for delivering products
and services that meet certain standards and fulfilling their obligations to consumers. It
is a fundamental aspect of consumer protection, ensuring that consumers have
avenues for recourse when their rights are violated or when they experience issues with
the products or services they’ve acquired.
In summary, the right to redress ensures that consumers have avenues for seeking
compensation, correction, or resolution when they encounter issues with the products or
services they purchase, fostering a fair and balanced marketplace.