Question

How do consumers exploited the market

Answer 1

Or

(i) When a consumer is cheated in any way, either by the shopkeeper or the producer, by giving him poor quality or adulterated goods or by charging more price for a commodity or a service, it is called consumer’s exploitation.
(ii) People may be exploited in the market in the following ways :–
1. Under weighing. Many dishonest shopkeepers weigh less than that they should.
2. Adulteration. At times adulterated or defective goods are sold in the market.
3. Additional charges. Sometimes traders add charges that were not mentioned before.
4. False and incomplete information. To sell more products, generally false information is passed on through media and other sources to attract consumers.
5. Artificial scarcity. Traders sometimes tend to create artificial scarcity of a particular good by hoarding it to increase the price and earn high profit.

Answer 2

WAYS BY WHICH CONSUMERS GET EXPLOITED IN THE MARKET ARE :

✔  High Price.

✔  Quality lapse.

✔ Underweight and under measurement.

✔ False information and promises.

✔ Poor after sale service.

✔ Rude behaviour.

✔ Inadequate safety measures.

✔ Market malpractices such as adulteration black marketing, duplicate articles etc.