Explain four reason for the exploitation of consumer at the hands of the suppliers product
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Factors leading to Consumers Exploitation:
High prices: At times artificial shortages of commodities are created in the market and consumers are forced to buy the goods at higher prices.
Poor quality of goods: To gain more profit, quality of production is neglected and the products are also adulterated.
Lack of knowledge: Sometimes consumers do not get full information about the quality of the product and they have to buy inferior quality goods at higher prices.
Lack of coordination: The interest of the consumer is not protected because there is no coordination amongst the consumers, traders, manufacturers, and the government.
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