What extent is the existing economic theory and taxonomic framework, which identifies consumers as ‘average’, ‘vulnerable’, ‘informed, or ‘confident’, useful for regulation?

Law by Geoffrey

Answer the question below.

To what extent is the existing economic theory and taxonomic
framework, which identifies consumers as ‘average’, ‘vulnerable’,
‘informed, or ‘confident’, useful for regulation?

1. OSCOLA REFERENCING
2. 20-30 SOURCES
3. 2500 WORD LIMIT (EXCLUDING FOOTNOTES AND BIBLIOGRAPHY)