Question

explain any three ways in which a consumer is exploited in the market place.

Answer 1

- most of the consumers are ignorant. They are not aware of the prices in the market or their rights and duties. Hence the traders easily exploit them.
- sometimes a particular good is supplied by only a particular company. Since their no other options available, the consumeRS are forced to buy what is available at whatever price and quality.
- sometimes the information provided on a product is wrong. Many a times consumers are provided with insufficient information and are exploited

Answer 2

Answer:

HERE IS YOUR ANSWER DEAR..

Explanation:

1. It Adulteration is a common way adopted by sellers to exploit consumers.

2. Due to adulteration consumers suffers heavy loss of money and health.

3. Sometimes sellers make false claims about the quality and durability of products through effective ways of marketing and advertisements.

4. Markets don’t work in a proper manner. These are not following the rules prescribed by COPRA. When few producers are there in the market they impose their own rules. They charge price according to them self.

5. Some sellers cleverly cheat the consumer by underweight and under-measure tactics.

6.Some sellers sell sub standard products mean duplicate products.