How are consumers ecploited by charging high prizes? Explain
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Consumer exploitation refers to the act of taking advantage of buyers. This occurs because of limited information about the product, such as guarantees and terms of purchase. ... Consumer rights laws protect people who buy goods and services.
Consumers (People) are exploited in the market by
(a) Charging high price of the product.
(b) Not giving proper after sale service.
(c) Less measurement.
(d) Under weighing goods.
(e) Selling substandard quality goods.
(f) Adulteration.
(g) Negligence in service.
Explanation:
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