African Marketing Journal

Advancing Scholarship Across the Continent

Vol. 2003 No. 1 (2003)

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Behavioural Economics Foundations for Consumer Protection in African Markets: A Focus on Zambia

Tinda Mwila, Copperbelt University, Kitwe Chileshe Kapenda, Copperbelt University, Kitwe Bikwe Chitu, Department of Advanced Studies, Zambia Agricultural Research Institute (ZARI) Makumba Kasondo, Copperbelt University, Kitwe
DOI: 10.5281/zenodo.18778144
Published: December 8, 2003

Abstract

Consumer protection in African markets, particularly in Zambia, is challenged by a mix of cultural norms, economic disparities, and market dynamics that influence consumer behaviour. Not applicable By integrating behavioural economics principles into consumer protection policies, Zambia can improve outcomes for vulnerable consumers and foster a more resilient market environment. Policymakers should prioritise education campaigns on risk management and the importance of reading small print. Additionally, regulatory measures such as clearer labelling standards are recommended to align with consumer preferences.

How to Cite

Tinda Mwila, Chileshe Kapenda, Bikwe Chitu, Makumba Kasondo (2003). Behavioural Economics Foundations for Consumer Protection in African Markets: A Focus on Zambia. African Marketing Journal, Vol. 2003 No. 1 (2003). https://doi.org/10.5281/zenodo.18778144

Keywords

GeographyAfricaZambiaCultural EconomicsSocial PreferencesBehavioural FinanceEthnocentrism

References