FCS 226 Chapter 4 Consumer Freedoms and Restrictions

FCS 226 Chapter 4 Consumer Freedoms and Restrictions -...

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Unformatted text preview: Goods and services that promote the well- being of others  Examples Education Health care Shelter Clothing Food Goods and services that have a neutral effect, neither helping, nor harming the consumer  Examples Mouthwash Chia Pets Bumper stickers Goods and services that harm consumers  Examples Cocaine Prostitution Pornography Tobacco Consumers implied rights to choose the goods and services they want The right to consume anything one wishes, along with the purchasing power necessary to implement that right The lack of purchasing power to implement the right to consume anything an individual wants Conditions that are needed to have freedom of choice include free entry, full information, some restriction on freedom of choice and a price system Free entry: the freedom to order or supply; the implied right of any individual to enter a business or profession and to choose or reject a job Full information: the implied right of any individual to obtain essential information that allows intelligent choices in the market Consumer freedom of choice has natural, economic,...
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This note was uploaded on 04/24/2010 for the course ANTH 7173 taught by Professor George during the Spring '10 term at CSU Long Beach.

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FCS 226 Chapter 4 Consumer Freedoms and Restrictions -...

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