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Consumers need information in order to make optimal economic choices. Without the ability to read, economic actors may find gathering important information more difficulty and costly, therefore acquiring less information. Without this information, they are more easily lead into irrational decisions which may not be to their benefit.
Note: the word 'exploitation' is loaded, so I recommended against its use in this case.
What else can I help you with?
Does Peru have a high literacy rate?
Fairly high, in 2007 the literacy rate it was estimated at 92.9% though in rural areas the rate is lower (80.3%).
Does deregulation always lead to lower prices for the consumer?
No, It does not.
What can offset consumer surplus generated by lower prices?
Consumer surplus generated by lower prices can be offset by demand of product. The above answer overlooks the obvious answer, which is that the increase in the price of a product(s ) will decrease consumer surplus. This assumes of course that there is no shift in demand.
Before government approves a merger what must the companies prove the merger would do?
lower costs and consumer prices or lead to a better product
What are the benefits of being a wise consumer?
You buy the things you want at a lower cost.
Is cuba's literacy rate lower or higher than the US literacy rate?
Its higher and is the highest in the world at at 0.8%.
Does Peru have a high literacy rate?
Fairly high, in 2007 the literacy rate it was estimated at 92.9% though in rural areas the rate is lower (80.3%).
Can everyone write?
Not everyone can write. Different countries have different literacy rates. Most countries in the western world have literacy rates of around 99%, whereas developing countries have much lower literacy rates.
What is the literacy rate in Pakistan in 2012?
The total literacy rate for the country of Pakistan is 45 percent. The literacy rate is much lower in rural areas of the country. They are working to make the number higher by opening more schools.
What is the total literacy rate in Pakistan in 2012?
The total literacy rate for the country of Pakistan is 45 percent. The literacy rate is much lower in rural areas of the country. They are working to make the number higher by opening more schools.
What place is the anteater in the food chain?
lower consumer
Does deregulation always lead to lower prices for the consumer?
No, It does not.
Is the upper or lower esophageal sphincter most responsible for acid reflux problems?
The lower sphincter is responsible for reflux problems
Which were more europeans literate during the renaissance?
More Europeans were literate because of several things:Improving economiesA growing interest in religious worksAn interest in record keeping
Why is Pakistan and ledc?
Because it has low figures unlike the UK or USA and its literacy rates are much lower!
How many people read?
this depends on what country, in North America the literacy rate is 95% there are countries in Africa, that only have a 3% literacy rate. Much needs to be done to bring education to the poorest countries in the world, because the poorer the country the lower the literacy rate.
What can offset consumer surplus generated by lower prices?
Consumer surplus generated by lower prices can be offset by demand of product. The above answer overlooks the obvious answer, which is that the increase in the price of a product(s ) will decrease consumer surplus. This assumes of course that there is no shift in demand.
