Question

“Consumer awareness is essential to avoid exploitation in the market place." Support the statement

Answer 1

Consumer awareness is essential to avoid exploitation in the marketplace because exploitation of consumer happen in various ways in the marketplace ;

● HIGH PRISESE : Some product in the market without MRP rate , the traders can earn a higher price.
● UNDERWEIGHT & UNDER MEASUREMENT : some traders cheated with the consumer hy restoring to underweight and under measurement.
● STANDARD QUALITY : sell standard quality product .
● ADULTERED & IMPURE PRODUCT : in edible items adultration is made to earn higher profit.
hence, there is a need for rules and regulation to ensure consumer protection for consumer .

Answer 2

Consumer awareness to avoid exploitation:
Consumer awareness is essential to avoid exploitation in the market place. Market do not work in a fair manner. Exploitation happen in various ways. Therefore, awareness is essential. Certain details are given on the packing. When we buy medicine, on the packet details are marked. Rules have been made so that the manufacturer displays the information. Consumers can complain and ask for compensation or replacement of the product, if it proves to be defective in any manner.