Question

Discuss the ways consumers cheated in the market

Answer 1

The ways in which consumers are cheated in the markerts are :

• high price of the product

•hiding expiery date of the product.

•forcefully giving another product.

• hiding the components of the product

Answer 2

Following are the ways in which the consumers are exploited or cheated in the market:

1. Adulteration: the retailers usually mix useless elements in commodities that appear in the heavy weight of the goods.

2. Under measurement: retailers generally under measures goods and sell them at the actual value.

3. Black marketing: the shopkeepers usually hoarded the stock of the primary goods to create an artificial deficit following which they sell products at a high price.

4. Substandard quality: the market these days is full of duplicate products and to earn maximum profit the shopkeeper used to sell local products at a high price.