Exploitation of consumers by market

1.	Exploitation of consumers by market
Answer» EXPLOITATION of consumers take place in the markets in the following ways:\tUnderweight and under measurement: Sometimes traders indulge in unfair trade practices. They weigh less than what they should. Sometimes they do not measure correctly.\tHigh Prices: Sometimes, shopkeeper charge a higher price than the prescribed retail price.\tDefective goods are also sold in the market.\tDuplicate articles: In the name of genuine goods duplicate items sold in the market freely and frequently.\tAdulteration and Impurity: Edible items such as oil, Ghee, spices etc are the common item of adulteration. They cause heavy loss to the consumers. They suffer from monetary loss as well as their health damage.\tLack of safety devices.\tFalse information: Sometimes false information is passed on through the media and other sources to attract consumers. Sellers also mislead consumers by giving wrong information about a product, its price, quality, reliability life-cycle, expiry date, durability, its effects etc.

Discussion