Question

Write the ways in which consumer are exploited in marketplace

Answer 1

the ways in which consumer are exploited in marketplace by
1) malpractices
2) hoarding
3) selling adulterate goods

Answer 2

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.