what are the factors causing consumer exploitation
Answers
2. Big producers manipulate the market according to their wants.
3. Consumer feels week in market place.
4. Big producers also manipulate the administration .
The following are the reasons for consumer exploitation:
1. Illiteracy and Ignorance of the Consumer:
The majority of the population have less knowledge about the quality of a good and they are ignorant about it. Due to these weaknesses they are be-fooled.
2. Fatalism of Consumer:
Many consumers never analyze the quality of the good and the price. They feel whatever they get is a gift of god and at the best price.
3. Compromising Attitude:
Many consumers easily let go complaints and issues. They don’t complain about it rather compromise with what they have.
4. Unrecorded Sales:
Many producers don’t give receipt or cash memo of what a consumer buys. Hence no case can be lodged against them. Consequently we are cheated and no one can save us.