Explain the Hoarding and black marketing as a major problem faced by – InterviewSolution

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1.	Explain the Hoarding and black marketing as a major problem faced by consumers.
Answer» Both of these are the biggest problems that are faced by the consumers. When a dealer stock an essential commodity and create its artificial scarcity it is known as hoarding. Black marketing is buying or selling hoarded goods secretly at a higher price. Such practices create problems for the consumers. Because consumers have to pay a very high price to buy those commodities whose price are relatively less.

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