Question

Causes of exploitation of consumers?

Answer 1

LIMITED INFORMATION

WRONG INFORMATION

LIMITED COMPETITION

ILLITERACY AND IGNORANCE OF THE CONSUMERS

FEW SELLERS..

HOPE YOU HAVE UNDERSTOOD

Answer 2

Factors which cause exploitation of consumers are :

Lack of awareness of consumer rights among buyers.

Improper and inadequate monitoring of rules and regulations. There is no fixed law for quality and rate

Misleading advertising in the media.

Consumers are scattered over large areas.

The main reason for exploitation of consumers is the lack of knowledge. Several consumers do not have the knowledge about the price, quality, services related commodities.