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Question
Hoarding is an unethical practice and it deprives the _____________ of their rights.
Hoarding is an unethical practice and it deprives the _____________ of their rights.
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Solution
The correct option is B consumers
Hoarding in economics refers to maintaining unaccounted stocks of many commodities to save guard oneself from rise in general price level i.e. inflation or to take advantage of future rise in prices. This creates artificial scarcity of commodities in the market which further increases the prices of the commodities through which consumers are exploited.
Hoarding in economics refers to maintaining unaccounted stocks of many commodities to save guard oneself from rise in general price level i.e. inflation or to take advantage of future rise in prices. This creates artificial scarcity of commodities in the market which further increases the prices of the commodities through which consumers are exploited.
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