1.

What are the ways in which producers can exploit the consumers to increase their sales of goods and services?

Answer»

Classification of consumer exploitation:
There are mainly three types of consumer exploitation.

They are:

1. Physical and mental exploitation:

  • If the consumer is fooled or forced to purchase a sub-standard quality or a duplicate product, then it leads to mental agony as well as physical loss.
  • Getting disappointed, angry and frustrated and feeling cheated are forms of mental exploitation that the consumer faces whereas loss of money, adverse effect on human body by using the product, etc. are the form of physical loss or physical 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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