Question

How does lack of unity causes consumer exploitation

Answer 1

Answer:

In a country like India, there is a shortage of many products. A few firms enjoy monopoly powers in the market place. A large majority of consumers are ignorant and illiterate and do not know their rights. They are poor and there is a lack of unity among them. Due to all these reasons, consumers are often deprived of their rights. They are often exploited through misleading advertisements, poor quality goods, fractional weights and measures, overcharging etc. Thus, consumer awareness is very necessary to avoid exploitation.

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Answer 2

Answer:

In a country like India, there is a shortage of many products. A few firms enjoy monopoly powers in the market place. A large majority of consumers are ignorant and illiterate and do not know their rights. They are poor and there is a lack of unity among them. Due to all these reasons, consumers are often deprived of their rights. They are often exploited through misleading advertisements, poor quality goods, fractional weights and measures, overcharging etc. Thus, consumer awareness is very necessary to avoid exploitation.

Explanation: