[[1]] is a situation in which a consumer is cheated or given false information by the producer.

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Detailed Solution

Consumer exploitation is the mistreatment and cheating of consumers by the producers by providing them with false information.
Many sellers and manufacturers also consider these places as a means to obtain the maximum profits possible. There are many exploitation practices prevalent in these marketplaces. Such as sellers selling products at higher prices, adulteration in food products, and sub-standard products in which the quality is far below the required standard, indulging in unfair trade practices by weighing the product less than required, or creating artificial scarcity through hoarding and black marketing. Many industries also create false and misleading advertisements which do not provide the right service as claimed.

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