economics[[1]] is the main reason for malpractices in the marketplace.

[[1]] is the main reason for malpractices in the marketplace.


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    Solution:

    Ignorance by Consumers is the main reason for malpractices in the marketplace.
    The sellers and manufacturers generally exploit consumers through various malpractices. Some of the malpractices are: sellers selling products at higher prices; adulteration in food products; sub-standard products in which the quality is far below the required standard; indulging in unfair trade practises 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, such as fairness creams asserting to get fair within a specified period, or oil claiming to remove baldness, which is only exaggerated. The main reason for malpractices is the ignorance of consumers.
     
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