Question

Mention few factors which causes 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

✨ᴀɴsᴡᴇʀ ✨

➡ ᴛʜᴇ ғᴀᴄᴛᴏʀs ᴄᴀᴜsɪɴɢ ᴇxᴘʟᴏɪᴛᴀᴛɪᴏɴ ᴏғ ᴄᴏɴsᴜᴍᴇʀs ᴀʀᴇ:-

▶ ʟᴀᴄᴋ ᴏғ ᴀᴡᴀʀᴇɴᴇss ᴀᴍᴏɴɢ ᴄᴏɴsᴜᴍᴇʀs.

▶ʟɪᴍɪᴛᴇᴅ ᴄᴏᴍᴘᴇᴛɪᴛɪᴏɴ, ʟᴇᴀᴅɪɴɢ ᴛᴏ ᴄᴏɴsᴜᴍᴇʀs ʙᴇɪɴɢ ғᴏʀᴄᴇᴅ ᴛᴏ ʙᴜʏ ᴀ ᴄᴇʀᴛᴀɪɴ ᴘʀᴏᴅᴜᴄᴛ.

▶sᴏᴍᴇ ᴄᴏɴsᴜᴍᴇʀs ᴀʀᴇ ɪʟʟɪᴛᴇʀᴀᴛᴇ.

▶ ʟɪᴍɪᴛᴇᴅ sᴜᴘᴘʟʏ ᴏғ ɢᴏᴏᴅs, ᴘʀᴏᴅᴜᴄᴛs ᴏʀ sᴇʀᴠɪᴄᴇs, ʟᴇᴀᴅɪɴɢ ᴛᴏ sʜᴏʀᴛᴀɢᴇ ᴀɴᴅ ʙʟᴀᴄᴋ ᴍᴀʀᴋᴇᴛɪɴɢ.

▶ ᴍɪsʟᴇᴀᴅɪɴɢ ᴀᴅᴠᴇʀᴛɪsɪɴɢ ɪɴ ᴍᴇᴅɪᴀ.