Mention two ways in which a consumer is cheated in the market
Answers
Answer:
When a consumer is cheated in any way, either by the shopkeeper or the producer, by giving him poor quality or adulterated goods or by charging more price for a commodity or a service, it is called consumer's exploitation.
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Explanation:
The two ways in which a consumer can be cheated in the market are as follows. (1). By giving unsatisfactory goods to consumer - Many times, customers are cheated by shopkeepers in this way. Especially in case of perishable goods, they can go awry if not stored properly. Also, in many cases, the quality of an item may not be up to the mark and by selling such an item, it can create cheating. (2) By selling goods at higher than the stated M.R.P. - Many shopkeepers in the market charge a price that is beyond the MRP of a product. This is a case of sheer cheating as government has particularly notified to sell items within the stated MRP. In no circumstances, a product can be sold beyond its MRP.