Question

Mention three factors which cause exploitation of consumers

Answer 1

Lack of awareness
Lack of education
Strength of producers is more than the consumes in the market place.

Answer 2

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.