Q.

What are the different forms of consumer exploitation?


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a

By selling products at higher prices

b

By adulteration in products

c

Supply of defective products

d

All of the above 

answer is D.

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Detailed Solution

All of the given options are ways in which the consumers get exploited. Marketplaces are the most common places where all the goods and services exchange occurs. 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, adulterating food 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 needed, or creating artificial scarcity through artificial scarcity through hoarding and black marketing. Many industries also create false and misleading advertisements that do not provide the right service.
 
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What are the different forms of consumer exploitation?