Economy, asked by vedant08, 1 year ago

list the factors which cause consumer exploitation

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Answered by mousumi6
6
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Answered by Anonymous
4

Answer:

Factors which cause exploitation of consumers are :

Lack of awareness of consumer rights among buyers.

Improper and inadequate monitoring of rules and regulations. There is no fixed law for quality and rate

Misleading advertising in the media.

Consumers are scattered over large areas.

The main reason for exploitation of consumers is the lack of knowledge. Several consumers do not have the knowledge about the price, quality, services related commodities.

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