Verified answer

Answer:

Three characteristics of a wise consumer are:

1. Critical Thinking: A wise consumer possesses the ability to think critically and evaluate information before making purchasing decisions. They analyze product features, compare prices, read reviews, and consider the long-term value of the purchase. They avoid impulsive buying and take the time to research and gather relevant information to make informed choices.

2. Financial Responsibility: Wise consumers demonstrate financial responsibility by managing their budget and resources wisely. They prioritize needs over wants and make conscious decisions about spending. They create and follow a budget, save money for future goals, and avoid unnecessary debt. They understand the importance of living within their means and making purchases that align with their financial capabilities.

3. Consumer Rights Awareness: A wise consumer is knowledgeable about their rights and responsibilities in the marketplace. They are aware of consumer protection laws, warranties, return policies, and regulations regarding fair trade and ethical practices. They make informed choices, demand transparency from businesses, and assert their rights when necessary. They stay informed about their rights as consumers and stay vigilant against fraudulent or unfair practices.

By embodying these characteristics, a wise consumer can make well-informed decisions, protect their financial well-being, and contribute to a fair and ethical marketplace.

Explanation: