The U.S. Department of Education funded a study to define consumer education and identify its concepts. The resulting publication, Classification of Concepts in Consumer Education, has received broad acceptance as the conceptual framework for the field.
"Consumer education is the process of gaining the knowledge and skills needed in managing consumer resources and taking actions to influence the factors which affect consumer decisions."
Classification of Concepts in Consumer Education
The Classification arranges consumer concepts into a taxonomy of three primary categories:
▪ Decision making,
▪ Resource Management, and
▪ Citizen Participation.
What do you think about the relationship between consumers right and Citizen Participation?