What is consumer exploitation?

Consumer exploitation is a situation in which a consumer is cheated or given false information by the producer. Large companies with huge wealth, power and reach can manipulate the market in various ways. At times they pass on false information through the media,and other sources to attract consumers.

What is consumer exploitation in India?

Consumers are exploited in the following five ways: Sale of adulterated goods, i.e. addition of inferior substances to the product being sold. Supply of defective goods. Misleading advertisements, i.e. advertisements falsely claiming a product or service to be of a superior quality, grade or standard.

What is consumer exploitation examples?

Consumer Rights. Describe consumer exploitation. A condition in which traders cheat the consumers by giving poor quality goods or charges more than usual price for a commodity or service. Examples: By giving substandard quality, under-measurement, under-weight, duplicate, adultered or impure-goods.

What is consumer explain?

A consumer is the final user of a purchased product or service. Consumers can be either an individual or group of people who purchase or use goods and services solely for personal use, and not for manufacturing or resale. They are the end-users in the sales distribution chain.

Who is consumer and consumer exploitation?

Any person who buys anything in the market or pays for any service is a consumer. When a consumer is cheated in any way, either by the shopkeeper or the producer, by giving him poor quality or adulterated goods or by charging more price for a commodity or a service, it is called consumer’s exploitation.

What is consumer exploitation Brainly?

Brainly User. Consumer exploitation refers to the act of taking advantage of buyers. This occurs because of limited information about the product, such as guarantees and terms of purchase. Consumer rights laws protect people who buy goods and services.

What are the different types of consumer exploitation in India?

For instance, some common ways certain sellers or businesses exploit consumers include:

• Underweight and under-measurement.
• Sub-standard quality.
• High prices.
• Duplicate articles.
• Adulteration and impurity.
• Lack of safety devices.
• Artificial scarcity.
• False and incomplete information.

Why is consumer exploitation?

Lack of knowledge: The main reason for exploitation of consumers is lack of knowledge. Several consumers do not have the knowledge about the price, quality, services related commodities. Therefore, consumers simply trust the facts told to them by the sellers and purchase goods, thus become trapped and are exploited. 2.

What is consumer exploitation Class 10?

Consumer exploitation is a situation in which a consumer is cheated or given false information by the producer. At times they pass on false information through the media,and other sources to attract consumers.

Who is a consumer in 100 words?

A consumer is one that buys good for consumption and not for the resale for commercial purpose or a consumer is an individual who pays some amount of money or the thing required to consumers play a vital role in the economic system of the nation.

What is consumer exploitation Class 10 Brainly?

Consumers exploitation refers to exploiting the consumers against anti- consumer trade practices such as adulteration of goods, offering spurious goods, unfair trade practices etc. by the producers or sellers.