Question

in what ways are consumer exploited in the market place ?

Answer 1

Exploitation in the market may take various forms :

• Sometimes traders may cheat the consumer by weighing a commodity less.
• Traders may sell adulterated or defective products to the consumer.
• The market can work in an unfair manner when producers are scattered and they manipulate market.
• At times, false information may be passed to the consumer which may induce him to buy inefficient products.