Question

How are consumers exploited in the market place? Explain.(All India-2016)

Answer 1

Answer:

Hi Chaitanya,

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. eloping countries needs mostly takes the form of general, vague and mostly unforceable clauses. The system responds insufficiently to the diverse needs of developing countries which differ enormously regarding their economic power, production structure, and institutional capacity.