What are the 3 importance of consumer education?

Question

What are the 3 importance of consumer education?

Answer 1

Consumer education is the preparation of an individual through skills, concepts and understanding that are required for everyday living to achieve maximum satisfaction and utilization of his resources.

It is part of the formal school curriculum in many places and incorporates knowledge from many disciplines, including but not limited to

    * mathematics,

    * economics,

    * law,

    * information theory,

    * psychology, and

    * game theory.