Question

What is the importance of being a well-informed consumer?

Answer 1

Being an informed consumer is advantageous to the economy, market and consumers. An informed consumer is capable of making sensible decisions by gaining an insight about a product prior to its purchase. This insight equips the consumer with the data to arrive at an evidence based conclusion.

Answer 2

Understanding the good or service and it’s background you are consuming
Maybe for a better price or allergies due to ingredients