What are the common ways by which consumers are exploited?
Answers
Exploitation in the Marketplace happens in various ways. For example, sometimes traders indulge in unfair trade practices such as when shopkeepers weigh less than what they should or when traders add charges that were not mentioned before or when adulterated or defective goods are sold .
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Limited information:- for taking a correct decision or choice about a product a consumer needs full information about the price quality, durability, composition, date of manufacture and expiry ingredients exactra in the absence of full information of consumer make at expected in an easy way.
Limited supply:- when supply of good is less than its demand the prices may go up and encourage the tendency of holding as a result the consumer may be exploited.
Adultration:- it means mixing or substituting undesirable materials in the food it causes heavy loss to the consumer both monetary and health wise.
Under measurement:- traders usually indulge in malpractices like giving under measured goods and charge for the actual quantity.