Question

what are the forms of consumer exploitation?​

Answer 1

Forms of consumer exploitation

Explanation:-

Adulteration, False Claim, Under Measurements, Hoarding and black marketing, Substandard goods, High Price.

1. Adulteration: Adulteration means mixing or substituting undesirable materials in food. This causes heavy loss to the customers; they suffer from monetary loss as well as spoil their health.
2. False claim: Sellers make false claim about the durability and quality of their product through advertisements.
3. Under measurement: Sellers generally give under measured goods and charge for the actual quantity.
4. Hoarding and black marketing: Trader generally holds the stock of essential commodities to create artificial scarcity in the market so that they can sell their commodities at higher price.
5. Substandard goods: Sellers usually sell inferior quality goods in order to make more profit.
6. High price: Sellers who are dealing in necessities generally charge arbitrary prices.