Question

mention a few factors which cause exploitation of consumers

Answer 1

The factors causing exploitation of consumers are

(i) Lack of awareness among consumers.

(ii) Limited competition, leading to consumers being forced to buy a certain product.

(iii) Some consumers are illiterate.

(iv) Limited supply of goods, products or services, leading to shortages and black marketing.

(v) Misleading advertising in the media.

Answer 2

The factors causing exploitation of consumers are

(i) Lack of awareness among consumers.

(ii) Limited competition, leading to consumers being forced to buy a certain product.

(iii) Some consumers are illiterate.

(iv) Limited supply of goods, products or services, leading to shortages and black marketing.

(v) Misleading advertising in the media.