Question
How are consumers exploited in the market place? Explain.
Solution
Consumers are exploited in the market in various ways:-
- Producers are always looking for easy ways to increase profits.
- Adulterated or low-quality goods have less production costs, and if the consumer is unaware or illiterate, it is easy to cheat him/her.
- Also, shopkeepers brush off their responsibility by claiming that the manufacturer is to blame. Consumers feel helpless in this situation.
