How are consumers are exploited due lack of knowledge
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Explanation:
Lack of knowledge: The main reason for exploitation of consumers is lack of knowledge. Several consumers do not have the knowledge about the price, quality, services related commodities. Therefore, consumers simply trust the facts told to them by the sellers and purchase goods, thus become trapped and are exploited.
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Sometimes consumers do not get full information about the quality of the product and they have to buy inferior quality goods at higher prices
illiteracy cause ignorance which leads to exploitation of consumers. the level of awareness in our country is generally low.
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