Question

Give some examples of how consumers are exploied in market(you can tell if you are exploied too in market place)?
Plz help me .​

Answer 1

Answer:

Consumers are explotied in the market in the number of ways are

1) under weight and under measurement- Sometimes the goods produced in the market are not properly measured or weighed. So sellers give these goods to the consumers less than weight or measurement to get more profit. This lead to financial loss to the consumers

2)Duplicate articles- In the names of branded product fake or duplicate articles of low quality are sold in the market. Duplicate items will not last long in the market because these are not manufactured according to the government specifications.

3) False information - Sometimes sellers mislead the consumers by giving the wrong information about the product such as its price, quality, expiry date, side effects on health and date of manufacture etc.

4) Artificial scarcity - Sometimes sellers create the artificial scarcity by hoarding the goods so that they can sell it later at high prices.

5) whenever the complaint regarding the good or service is made then sellers try to shift all the responsibility on to the buyers.

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shreya1330 Helping Hand

Answer:

BY SHREYA

Consumers gets exploited in the market on the following stand points.

1) Lack of awarness- Illiteracy cause ignorance which leads to exploitation of consumers.

2) False information- Sometimes sellers mislead the consumers by giving the wrong information about the product such as price,quality,expiray date,side effects,date of manufacturer etc.

3) Duplicate products- In many shops duplicate and expiray date products have been sold by the sellers.

4) Whenever the complaint regarding the goods or services is made then sellers try to shift all the responsibility to the consumers.