Question

how are consumers exploited in Marketplace explain with examples

Answer 1

Exploitation in the marketplace happens in various ways. Some examples are

(i) When traders indulge in unfair trade practices such as when shopkeepers weigh or measure less than what they should. This is usually in materials sold loose like rice, flour, milk, etc.

(ii) When traders add charges that were not mentioned before, like handling charges, packing charges, etc.

(iii) When adulterated/defective goods or expired medicines are sold.

Answer 2

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Consumers are being exploited in the following manner: Sale of adulterated goods, i.e. adding something inferior to the product being sold. Misleading advertisements, i.e. advertisements falsely claiming a product or service to be of superior quality, grade or standard.