Consumer education refers to the process of informing individuals about their rights and responsibilities as consumers. It helps people understand how to make informed choices when purchasing goods and services, ensuring they can identify quality products, compare prices, and recognize deceptive marketing practices. Additionally, consumer education covers topics such as budgeting, saving, and understanding credit. By equipping consumers with knowledge about financial literacy and consumer protection laws, it empowers them to navigate the marketplace effectively and make decisions that align with their needs and values.