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What are the ways in which producers can exploit the consumers to increase their sales of goods and services? |
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Answer» Classification of consumer exploitation: They are: 1. Physical and mental exploitation:
2. Economic exploitation: If the seller is following malpractices such as hoarding of goods, black marketing and charging higher price than the printed price then it is called economic exploitation of the consumer. The consumer has to pay higher prices for purchasing hoarded or black-marketed goods. 3. Against public interest: Public interest is not safeguarded when some products are produced by using certain materials which can cause harm to environment. |
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