Social Sciences, asked by Boby9560, 1 year ago

Factors exploiting consumers in the market place according to class 10​

Answers

Answered by ItzPrincessNk
11

The following are the reasons for consumer exploitation:

1. Illiteracy and Ignorance of the Consumer:

The majority of the population have less knowledge about the quality of a good and they are ignorant about it. Due to these weaknesses they are be-fooled.

2. Fatalism of Consumer:

Many consumers never analyze the quality of the good and the price. They feel whatever they get is a gift of god and at the best price.  

3. Compromising Attitude:

Many consumers easily let go complaints and issues. They don’t complain about it rather compromise with what they have.

4. Unrecorded Sales:

Many producers don’t give receipt or cash memo of what a consumer buys. Hence no case can be lodged against them. Consequently we are cheated and no one can save us.

Answered by Anonymous
12

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CONSUMERS :-

  • Consumer is a person who buys and uses a good or service from the market after making payment.

COPRA :- ( CONSUMER PROTECTION ACT )

An act enacted by the government of India in 1986 for the protection of the consumer rights.

\huge{\boxed{\sf{CONSUMER\:RIGHTS\:UNDER\:THE\:COPRA}}}

  • Right to safety.

  • Right to information.

  • Right to choice.

  • Right to be heard or right to representation.

  • Right to seek redressal.

  • Right to consumer education.

\huge{\boxed{\sf{FACTORS\:EXPLOITING\:CONSUMERS\:IN\:THE\:MARKET\:}}}

  • Rough Behaviour.

  • False or incomplete information.

  • Artificial products.

  • Lack of safety devices.

  • Adulteration and Impurity.

  • Duplicate articles.

  • Charging high prices.

  • Imposition of unfair terms and conditions.

  • Substandard quality.

  • Underweight and under measurement.

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