Question

1. Explain any five ways in which a consumer is exploited by the traders in a
market place
2. Distinguish between Financial capital and Real capital​

Answer 1

Answer:

1 ) i) False Advertising - making deceptive and misleading clims in the advertisements of the products

ii ) Deceptive pricing - Very often traders charge deceptive and high prices from their consumers than the prescribed retail price

iii ) Deceptive Billing - It may sometimes happen that traders sell fake or duplicate goods in the name of genuine goods

iv ) Misuse of customer data - the information or data collected by the customers at the time of sale can be misused

v ) Substandard quality The traders may cheat the consumers by degrading the quality of the product and selling those in the market like experied products , defective items

2 ) Financial capital : money or some other paper asset that function like money

Real capital : productive equipment that generates a flow of services ; also called physical capital