Question

how do the producers and traders exploit consumers​

Answer 1

Answer:

The work of producers is produce goods and sell to traders. For their the main exploitation is started by increasing the rate of goods..

Answer 2

Explanation:

Consumer Exploitation :

Consumer: Any person who buys anything in the market or pays for any service is a consumer.

Consumer Exploitation:

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.

Consumers are cheated by the manufacture by the following ways :

1. High Prices : Traders can charge a price higher than the price prevailing in the market because of the ignorance and urgency of the customer.

2. Underweight and under measurement : By their cleverness, some traders scoop so low that they cheat the consumer by resorting to under weight and under measurement tactics.

3. Sub standard quality : Some traders sell substandard quality products to the consumer. Now a days markets are full of duplicate products.

4. Adulterated and impure products : In edible items such as oil, ghee and spices adulterated is made in order to earn higher profits.

5. Improper information : Companies spend a considerable amount on advertisement alone to attract consumers and feed information that they want the consumers to know but not the information the consumers should know about the products.