Question
How does exploitation of consumers take place in the market? Explain with any five facts.
Solution
Exploitation in the marketplace happens in various ways.
(i) Shopkeepers weigh less than what they should.
(ii) Traders add charges that were not mentioned.
(iii) When defective or adulterated goods are sold.
(iv) When false information is passed on through the media.
(v) Traders and producers hoard goods and create an artificial scarcity in the market to sell those hoarded goods at higher prices.
