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CBSE Class 10 Answered

Explain four ways in which consumers are exploited in the markets.
Asked by Topperlearning User | 17 Jul, 2015, 12:27: PM
answered-by-expert Expert Answer

Four ways in which consumers are exploited in the markets are as listed below:

  1. When traders and shopkeepers indulge in unfair trade practices such as when a shopkeeper sells a commodity using a faulty weighing machine, which weighs less but shows weight as more.
  2. When adulterated goods are sold in the markets by traders and shopkeepers.
  3. When powerful and wealthy companies sell small products with consumers scattered over different places. Under such circumstances, large companies do not pay any attention to the complaints of the consumers.
  4. When false information is passed by the large, wealthy and powerful companies about their product in markets through media advertising. For example, many face cream make a false claim of lightening and beautifying the skin instantly.
Answered by | 17 Jul, 2015, 02:27: PM
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