Question

Write long answer on Consumer in the Market place in word( 100 to 200)​

Answer 1

Answer:

Rules and regulations are required for the protection of the consumers in the marketplace.

Exploitation in the marketplace happens often.

Markets do not work in a fair manner when producers are few and powerful whereas consumers purchase in small amounts and are scattered. This happens especially when large companies are producing these goods. These companies with huge wealth, power and reach can manipulate the market. At times, false information is passed on through the media, and other sources to attract consumers.