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Question
Mention any three ways in which consumers are exploited.
Answer in Brief
Solution
Three ways in which consumers are exploited are:
- Adulteration: Adultering is the mixing of low quality goods with premium products and marketing them for the price of the premium products in order to maximise earnings.
- Deceptive advertising: Many times, companies use misleading or false advertising to highlight the advantages of their products or cover the negative impacts. For instance, Vimal Panmasala's advertisement does not either emphasises or dismiss the adverse effects of chewing panmasala or tabacco.
- Monopolistic Practices: Many companies are working to have monopoly on the goods they offer. Monopolists thus charge more for the goods they sell, so abusing the weak consumer.
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Consumer Exploitation
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