Select if the given statement is true/false:

The goods available in the markets are always of good quality.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
Goods available in a market could be of good quality or low quality and defective. Most consumers are unaware and lack information about the different types of goods. This gives the traders a good opportunity to exploit them by giving wrong information about the goods they sell to make the customer buy the product. Another reason for the spread of low-quality and defective goods in the market is that the checks and balances for supervising the markets are not at all strong. The laws also have many loopholes that the producers use to their advantage.
The correct statement is that the goods available in the market are not always of good quality.

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