Question

Explain any four factors leading to consumer exploitation.

Answer 1

Factors leading to Consumers Exploitation:

High prices: At times artificial shortages of commodities are created in the market and consumers are forced to buy the goods at higher prices.

Poor quality of goods: To gain more profit, quality of production is neglected and the products are also adulterated.

Lack of knowledge: Sometimes consumers do not get full information about the quality of the product and they have to buy inferior quality goods at higher prices.

Lack of coordination: The interest of the consumer is not protected because there is no coordination amongst the consumers, traders, manufacturers, and the government.