Question

explain how no market is a factor of consumer exploitation consumer exploitation​

Answer 1

Answer:

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.

Answer 2

Explanation:

1 high prices

2 poor quality of goods

3 lack of knowledge

4 lack of coordination