SOCIAL STUDIES 9 LESSON 1.2 WISE CONSUMERISM

CONSUMPTION

WAY TO SATISFY NEEDS AND WANTS OF AN INDIVIDUAL

WISE CONSUMERISM

BEING CONSCIOUS OF OUR CONSUMPTION HABITS

CHARACTERISTICS OF A WISE CONSUMER

1. CURIOUS AND CRITICALLY AWARE

2. BUDGET CONSCIOUS

3. HAS ALTERNATIVES

4. DOES NOT ALLOW CHEATING

5. REASONABLE

LOOKS FOR ALTERNATIVES

sometimes consumer does not have enough money/quality of product has changed; consumer knows how to find alternatives/substitutes

ALERT/DOES NOT ALLOW CHEATING

dealing with sellers who have bad intentions; consumer is ready, alert, and observant

BUDGET-CONSCIOUS/ STICKS TO A BUDGET

weighs importance of buying or not buying based on his or her budget; not being swayed by popularity of product

ANALYTICAL/CURIOSITY AND CRITICAL AWARENESS

wise consumer looks at ingredients, price, weight, craftsmanship, and other characteristics of the product; compares products

REASONABLE

price and quality are always considered; prioritizes important things ahead of luxury products

AVOIDS PANIC BUYING

not affected by artificial shortage made by hoarders who want a high price

NOT AFFECTED BY ADVERTISEMENTS

price and quality of products are the selling points

CONSUMER RIGHTS

Department of Trade and Industry (DTI) laid down the eight rights of consumers to guide them in their market transactions

EIGHT RIGHTS OF A CONSUMER

1. BASIC NEEDS
2. SAFETY
3. INFORMATION
4. TO CHOOSE
5. TO REPRESENTATION
6. TO REDRESS
7. TO CONSUMER EDUCATION
8. TO HEALTHY ENVIRONMENT

RIGHT TO BASIC NEEDS

RIGHT TO SUFFICIENT FOOD, CLOTHES, HOUSING, HEALTH NEEDS, EDUCATION, HYGIENE

RIGHT TO SAFETY

RIGHT TO FULL SAFETY AND PROTECTION FROM PRODUCTS THAT ARE HARMFUL OR DANGEROUS TO HEALTH

RIGHT TO INFORMATION

TO BE PROTECTED FROM DECEPTIVE, DISHONEST, MISLEADING INFORMATION, FAKE LABELS

RIGHT TO CHOOSE

RIGHT TO CHOOSE DIFFERENT PRODUCTS AT AFFORDABLE PRICES AND GOOD QUALITY

RIGHT TO BE HEARD/REPRESENTATION

RIGHT TO BE ASSURED HIS OR HER WELFARE IS TAKEN INTO ACCOUNT WHEN MAKING AND IMPLEMENTING POLICIES

RIGHT TO COMPENSATION IN CASE OF DAMAGE/REDRESS

RIGHT TO BE PAID AND COMPENSATED FOR ANY DAMAGE OR HARM CAUSED BY A PRODUCT; FREE LEGAL ASSISTANCE

RIGHT TO CONSUMER EDUCATION/EDUCATED ON HOW TO BECOME AN INTELLIGENT CONSUMER

INTELLIGENCE AND KNOWLEDGE NECESSARY TO TAKE RIGHT STEPS THAT WILL HELP IN MAKING CONSUMPTION DECISIONS

RIGHT TO A CLEAN ENVIRONMENT/HEALTHY ENVIRONMENT

LIVE AND WORK IN FREEDOM, EQUALITY, AND SUFFICIENT CONDITIONS IN LIFE

FIVE DUTIES OF A CONSUMER

1. CRITICAL AWARENESS
2. ACTION
3. CONCERN FOR SOCIETY
4. ENVIRONMENTAL AWARENESS
5. UNITY

CRITICAL AWARENESS AS A DUTY OF A CONSUMER

TO BE AWARE AND QUESTIONING REGARDING PURPOSE, COST, QUALITY OF PRODUCTS WE USE

ACTION AS A DUTY OF A CONSUMER

ASSERT OURSELVES AN ACT IN ORDER TO BE ASSURED OF FAIR DEALING AND AVOID EXPLOITATION AND ABUSE BY DISHONEST BUSINESSMEN

CONCERN FOR SOCIETY AS A DUTY OF A CONSUMER

KNOW THE EFFECTS OF OUR CONSUMPTION OF GOODS AND SERVICES ON OTHER CITIZENS

ENVIRONMENTAL AWARENESS AS A DUTY OF A CONSUMER

TO UNDERSTAND THE CONSEQUENCES ON OUR ENVIRONMENT BROUGHT BY IMPROPER CONSUMPTION

UNITY AS A DUTY OF A CONSUMER

TO ORGANIZE TOGETHER AS CONSUMERS IN ORDER TO PROMOTE AND PROTECT OUR WELFARE

CONSUMER ACT OF THE PHILIPPINES

PROTECTS CONSUMERS AGAINST UNFAIR PRACTICES
MANDATES THE 3Rs (REPAIR, REFUND, REPLACE)

RA 7581: PRICE ACT

NO OVERPRICED PRODUCTS

RA 71: PRICE TAG LAW

ALL PRODUCTS MUST HAVE A PRICE TAG STATED

PD 1770: NATIONAL FOOD AUTHORITY

ENSURES FOOD SECURITY

RA 3440: LAW ON ADVERTISING, LABELING, AND BRANDING

PRODUCT MUST HAVE CORRECT LABELING, INFORMATION

RA 6675: GENERICS ACT OF 1988

CHOOSE BETWEEN BRANDED AND GENERIC MEDICINES

CIVIL CODE OF THE PHILIPPINES - ARTICLE 1546

FALSE ADVERTISING & WARRANTY

CIVIL CODE - ARTICLE 2187

PRODUCT HAS TOXIC CHEMICALS THAT CAUSE HARM

RA 11765: FINANCIAL PRODUCTS AND SERVICES CONSUMER SECTION ACT

ONLINE SCAMS, DIGITAL FINANCIAL PRODUCTS

LAW ON SALES

no hidden defects on products

law on extra-contractual obligations

makes sure products sold are safe to use, (warning and nutrition facts in labeling, expiration date)

law on trademark

penalizes those who will copy brands, container, or trademark of the other registered products

Food and Drug Administration (FDA)

works in hand with DOH to protect consumers against health related risks caused by food, water or cosmetics

Energy Regulatory Commission

responsible for complaints related to energy sources (gas, LPGs, electricity, etc)

Local Government Units

complains based on proximity of case, local barangays and city offices

Media Outlets

when no agencies cater to right to redress, publicly raise concern to trusted media outletes (GMA, CNN, TVS, etc.)

factors that influence our consumption

price, advertisement, income, occasion, values, seasons

price

the cheaper products are, the more attractive it is to consumers

advertisement

motivates and convinces consumers to purchase

types of advertisement

bandwagon effect,testimonial form, branding

bandwagon effect

stems from public pressure

testimonial form

certain individuals have proven product is effective

branding

people consume/purchase product because of the brand

income

Engel's law; the lower income, the bigger portion of budget is allocated to food expenses, while if the higher the income, the lesser portion of budget is spent on food and more on needs and wants

occasion

during celebrations, people spend and purchase

values

an individual's values, principles, attributes, influence their consumption

seasons

consumption depends on weather