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    Shortage

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    Cy Santos
    Shortages in the market can be indicated by excess demand, lack of supply, or lack of budget for producers. A consumer is an individual who purchases goods for personal use rather than resale, and can be influenced by marketing. Consumerism refers to an economic system that encourages continual buying of goods and services, as well as a movement to protect and inform consumers through honest advertising and product safety standards. Problems consumers may face include high prices, shortages, poor product quality, and lack of information about products.

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    Shortage

    Uploaded by

    Cy Santos
    15 views1 page
    Shortages in the market can be indicated by excess demand, lack of supply, or lack of budget for producers. A consumer is an individual who purchases goods for personal use rather than resale, and can be influenced by marketing. Consumerism refers to an economic system that encourages continual buying of goods and services, as well as a movement to protect and inform consumers through honest advertising and product safety standards. Problems consumers may face include high prices, shortages, poor product quality, and lack of information about products.

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    Shortages in the market can be indicated by excess demand, lack of supply, or lack of budget for producers. A consumer is an individual who purchases goods for personal use rather than resale, and can be influenced by marketing. Consumerism refers to an economic system that encourages continual buying of goods and services, as well as a movement to protect and inform consumers through honest advertising and product safety standards. Problems consumers may face include high prices, shortages, poor product quality, and lack of information about products.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    15 views1 page

    Shortage

    Uploaded by

    Cy Santos
    Shortages in the market can be indicated by excess demand, lack of supply, or lack of budget for producers. A consumer is an individual who purchases goods for personal use rather than resale, and can be influenced by marketing. Consumerism refers to an economic system that encourages continual buying of goods and services, as well as a movement to protect and inform consumers through honest advertising and product safety standards. Problems consumers may face include high prices, shortages, poor product quality, and lack of information about products.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    INDICATORS OF SHORTAGE 1. If there is excess demand 2. Lack of supply 3.

    Lack of budget of producers

    CONSUMER - An individual who buys products or services for personal use and not for manufacture or resale. A consumer is someone who can make the decision whether or not to purchase an item at the store, and someone who can be influenced by marketing and advertisements. Any time someone goes to a store and purchases a toy, shirt, beverage, or anything else, they are making that decision as a consumer. CONSUMERISM - A social and economic order that is based on the systematic creation and fostering of a desire to purchase goods and services in ever greater amounts. Movement seeking to protect and inform consumers by requiring such practices as honest packaging and advertising, product guarantees, and improved safety standards.

    A modern movement for the protection of the consumer against useless, inferior, or dan gerous products, misleading advertising, unfair pricing, etc.

    PROBLEMS OF CONSUMERS: 1. High prices 2. Shortage 3. Quality of product 4. Lack of information about the product

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