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CBSE Class 7 Answered

how are consumersexploited in the market
Asked by nina_vyas | 19 Feb, 2019, 07:14: PM
answered-by-expert Expert Answer

Ways in which consumers are exploited in the markets are:

  • 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.
  • When adulterated goods are sold in the markets by traders and shopkeepers.
  • 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.
  • Passing false information 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 Social Science Expert | 20 Feb, 2019, 10:04: AM
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