Question

explain any three ways by which people mays be exploited in the market?

Answer 1

People may be exploited by the traders in the market by way of involving in unfair trade practices

1. Artificial scarcity: traders deliberately stockpile goods and create artificial scarcity thus increasing the price and make excessive profits.
2. Adulteration: they sell adulterated goods and contaminated food items in the market.
3. They give fake information about their products to attract customers. They also make extra charges without any prior knowledge.