Factors exploiting consumers in the market place according to class 10
Answers
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.
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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.
- 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.
- 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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