what different ways consumers are exploited in the market mention rivelent points
Answers
Answer:
Consumers are explotied in the market in the number of ways are
Consumers are explotied in the market in the number of ways are1) under weight and under measurement- Sometimes the goods produced in the market are not properly measured or weighed. So sellers give these goods to the consumers less than weight or measurement to get more profit. This lead to financial loss to the consumers
Consumers are explotied in the market in the number of ways are1) under weight and under measurement- Sometimes the goods produced in the market are not properly measured or weighed. So sellers give these goods to the consumers less than weight or measurement to get more profit. This lead to financial loss to the consumers2)Duplicate articles- In the names of branded product fake or duplicate articles of low quality are sold in the market. Duplicate items will not last long in the market because these are not manufactured according to the government specifications.
Consumers are explotied in the market in the number of ways are1) under weight and under measurement- Sometimes the goods produced in the market are not properly measured or weighed. So sellers give these goods to the consumers less than weight or measurement to get more profit. This lead to financial loss to the consumers2)Duplicate articles- In the names of branded product fake or duplicate articles of low quality are sold in the market. Duplicate items will not last long in the market because these are not manufactured according to the government specifications.3) False information - Sometimes sellers mislead the consumers by giving the wrong information about the product such as its price, quality, expiry date, side effects on health and date of manufacture etc.
Consumers are explotied in the market in the number of ways are1) under weight and under measurement- Sometimes the goods produced in the market are not properly measured or weighed. So sellers give these goods to the consumers less than weight or measurement to get more profit. This lead to financial loss to the consumers2)Duplicate articles- In the names of branded product fake or duplicate articles of low quality are sold in the market. Duplicate items will not last long in the market because these are not manufactured according to the government specifications.3) False information - Sometimes sellers mislead the consumers by giving the wrong information about the product such as its price, quality, expiry date, side effects on health and date of manufacture etc.4) Artificial scarcity - Sometimes sellers create the artificial scarcity by hoarding the goods so that they can sell it later at high prices.
Consumers are explotied in the market in the number of ways are1) under weight and under measurement- Sometimes the goods produced in the market are not properly measured or weighed. So sellers give these goods to the consumers less than weight or measurement to get more profit. This lead to financial loss to the consumers2)Duplicate articles- In the names of branded product fake or duplicate articles of low quality are sold in the market. Duplicate items will not last long in the market because these are not manufactured according to the government specifications.3) False information - Sometimes sellers mislead the consumers by giving the wrong information about the product such as its price, quality, expiry date, side effects on health and date of manufacture etc.4) Artificial scarcity - Sometimes sellers create the artificial scarcity by hoarding the goods so that they can sell it later at high prices.5) whenever the complaint regarding the good or service is made then sellers try to shift all the responsibility on to the buyers.
Explanation:
1. Lack of knowledge: The main reason for exploitation of consumers is lack of knowledge. Several consumers do not have the knowledge about the price, quality, services related commodities. Therefore, consumers simply trust the facts told to them by the sellers and purchase goods, thus become trapped and are exploited.
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