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Q.

Factors which cause the exploitation of the consumer:

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a

Limited and wrong information

b

Illiteracy and ignorance of the consumer

c

Few sellers and limited competition

d

All the above

answer is D.

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Detailed Solution

In a capitalist economy, producers and sellers are free to produce any quantity of goods and services, with no price restrictions. In this case, it is the manufacturer's and distributor's duty to fully inform the consumer about the product. Without timely and correct information such as price, quality, composition, purchase terms, warranty / warranty, consumers can make the wrong choice and lose money.

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