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of producers
A producer is a person who manufactures or sells a good or delivers a service.
In pure capitalism the only role for producers in protecting consumer rights is to do what is necesaary to protect their profit. The producer makes a product and then sells the product to the consumer for the highest price possible.
Now we don't live in a pure capitalism. There are checks and balances on producers. In our society producers can be sued if they produce a defective product which harms a consumer. There are also governmental regulations on producers as to pollution they create, size of their factories, and many other areas. This is why there are several governmental and private agencies which maintain a vigilance over industry.
Many products which are recalled are replaced by the producer at no cost or a very minor cost to the consumer. Without replacing a recalled product the producer risks losing the consumer and thus must make every effort to maintain the customer.
Consumer exploitation is totally in the hands of producers, the producer determines the behavior, quality of product. Right information, trust for product qualityafter sale service and safety to the consumer.
Producers can help in fair trade in the following ways
1.proper labeling, full information, health warnings, handling information, expiration date, etc. keep to requirements, norms, standards
2.labelproducts according requirements, providing true facts
3.If they are providing a service they should carry it out with due skill and care. They must also make sure that any materials they provide as part of this service are fit for the purpose.
4.It is also illegal for a supplier to cut off, or threaten to cut off, supply to a reseller (wholesale or retail) because they have been discounting goods or advertising discounts below prices set by the supplier.
5. And last, to be fair in selling products to the buyers and make the consumer feel that he/she is not being cheated
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What is the role of the consumer in a market economy?
Consumers are important because they are the people who actually buy the goods made by the producers
Match the activity with the correct role?
Producers- Produce and distribute goods. Consumer- Consumes goods. Workers-Makes goods.
Explain why the role of a consumer is important in an economic system and give two examples of someone playing the role of consumer?
Because the consumer is the one who is going to buy those products or use the services, that brings net outcome to the firm. Therefore the consumer plays a very important role in the economic system. The consumer is the one with the demand
What is the role of teacher in inculcating value of consumer awareness?
Teacher herself has to be aware of rights and duties of consumer. While teaching about consumer protection act a teacher can inculcate a value consumer awareness in students. Can teach them about the laws and different policies given by government. Can give them knowledge of current affairs to make consumer aware of changes.
In the game of economics workers play a double role functioning as both consumers and?
In the game of Economics, workers play a double role, functioning as both consumers and producersConsumers and producers
What is the role of a consumer in a mixed economy?
they eat everything that the producers make for them
Role of producers in consumer awareness?
Producers play an important role in consumer awareness. They should make information about their product readily available to consumers so that people know what they're buying and what a product's brand is about.
What is the role of the consumer in capitalism?
Consumers spend money and buy goods from producers
What is the government role in protecting rights?
Quite a substantial role. Among other things that is their job.
What role do courts play in protecting peoples rights?
The roles do play an important role in protecting people's rights by delivering justice. The courts are usually expected to act in an non partisan manner and deliver justice.
What is the role of Filipino family in protecting children rights?
they dont have them but they can only use tazers
What is the government role in protecting children rights?
Citizen's should educate children's about there legal rights. They can teach them to understand and protect their legal rights.
What role do the courts play in protecting peoples rights?
The roles do play an important role in protecting people's rights by delivering justice. The courts are usually expected to act in an non partisan manner and deliver justice.
What is the role of the gray fox in a food web?
The red fox is a secondary consumer and is both predator and prey.
What is the role of the consumer in a market economy?
Consumers are important because they are the people who actually buy the goods made by the producers
A caterpillar eats only plants A robin eats the caterpillar What is the role of the robin in this system?
the role of the robin is of a secondary consumer
What is the role of the primary producers?
primary producer is the individual or buiness that takes raw materials and converts it into a usable good for consumer use.
