Question

Explain Any three factors which cause exploitation of consumers

Answer 1

HI


Consumers are exploited in various ways in the marketplace:

* Sometimes, traders indulge in unfair practices.

* Shopkeepers weigh less than what it is supposed to be.

* Traders add charges that were not mentioned before.

* Adulterated or defective goods are sold.



Hope it proved to be beneficial.....

Answer 2

Answer:

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.