Question

How do large companies manipulate the market .? Explain with examples

Answer 1

The large companies manipulate the market invarious ways

Large companies with huge amount of wealth, power and riches can manipulate the market in various ways. At times false information is passedon through the media and other sources to attract consumers. For example, a company for years sold powder milk for babies all over the world as themost scientific product claiming this to be better than mother’ s milk. It took years of struggle before the company was forced to accept that it had beenmaking false claims. Similarly, a long battle had to be fought with court cases to make cigarette manufacturing companies accept that their product could cause cancer.

Answer 2

The large companies manipulate the market in  various ways :

(i) Large companies with huge amount of wealth,  power and riches can manipulate the market in  various ways.

(ii) At times false information is passed on through  the media and other sources to attract consumers.

(iii) For example, a company for years sold powder  milk for babies all over the world as the most  scientific product claiming this to be better than  mother’s milk. It took years of struggle before  the company was forced to accept that it had  been making false claims.

(iv) Similarly, a long battle had to be fought with  court cases to make cigarette manufacturing  companies accept that their product could cause  cancer.