CONSUMER POWERS AND PROTECTIONS CONSUMERS EDUCATION CHAPTER 1
THE POWER OF CONSUMERS – SECTION 1. 1 Economic Roles • Consumer • Products • • Goods services • Workers • Citizens
THE POWER OF CONSUMERS – SECTION 1. 1 Consumers have power • Supply and demand • Teens are big consumers • Technology had given consumer more power • • Product reviews Quick access to product information and pricing
PROTECTING CONSUMERS’ RIGHTS – SECTION 1. 2 Consumer Advocates • Government • • Laws Federal Agencies • Consumer groups • Business and industry groups • media
SAFEGUARDING YOUR PRIVACY – SECTION 1. 3 • Identity Theft • • Social Security Number Mail Personal information If your identity is stolen • • • File police report Notify your bank and credit car companies Call the 3 major reporting companies (Equifax, Experian, and Trans Uinon)
SAFEGUARDING YOUR PRIVACY – SECTION 1. 3 • Protecting your privacy • Only share your personal information on a need to know basis • Internet Safety • • Secure site Don’t share your personal information social media
RECOGNIZING DECEPTION & FRAUD – SECTION 1. 4 • Deceptive Advertising ( to good to be true) • Fraud • Pyramid schemes • Chain letters
RESOLVING CONSUMER PROBLEMS – SECTION 1. 5 • Registering a Complaint • Contacting merchant • Writing a letter of complaint • Legal Action • • • Small claims court Lawsuit Class action law suit