(b)Write four ways of Consumer Exploitation
Answers
Explanation:
a. Hoarding. Consumer exploitation is taking advantage of the consumers.
b. Black marketing.
c. Adulteration.
d. False claim.
Answer:
Exploitation in the market happens in many ways :
Explanation:
1. Underweight and undermesurement :
The goods sold in the market are sometimes not measured and weighted correctly.
2. Substandard quality : Selling defective home appliances and expired medicines are its example.
3. High prices : Sometime seller's charge higher than the MRP.
4. Duplicity : fake and duplicate items are sold in the name of genuine goods.
5. Lack of safety devices : Electronic goods produced locally lack the required inbuilt safeguard, which may cause accidents.
6. Rough behaviour : Consumers are often harassed in matters like LPG and telephone connection and in getting licensed items.
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