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Problems of the Consumer


Previously, we learnt that consumers have to make a choice between a need and a want. In addition, they are faced with challenge, in identifying purchasing and using goods and services. These challenges make up the problems that face a consumer. These are:

1. Scarcity of resources

2. Inflation

3. Lack of Information

4. Lack of awareness of consumer rights

Objective

By the end of the lesson you should be able to discuss problems affecting the consumer.

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