What are the different forms of consumer exploitation?

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

By selling products at higher prices

By adulteration in products

Supply of defective products

All of the above

answer is D.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

Marketplaces exploit Consumers by selling them products at higher prices, degrading consequences, and supplying defective products.
Many manufacturers and merchants view markets as a way to make the biggest profits possible. In these marketplaces, there are several common forms of exploitation. Such unfair commercial tactics include selling goods at inflated costs, adulterating food, producing goods of significantly inferior quality than what is required, weighing goods less precisely than is necessary, and stockpiling and black marketing to inflate scarcity artificially. Many sectors also produce deceptive and dishonest advertising that does not deliver the promised service.

Watch 3-min video & get full concept clarity