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Mention one way by which consumers are exploited in the market. - Economics

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Questions

Mention one way by which consumers are exploited in the market. 

Explain briefly four ways by which consumers are exploited

Explain five ways in which consumers are exploited in India.

Explain any five ways in which consumers are exploited.

How do the manufacturers and traders exploit the consumers?

Give five ways in which the consumers are exploited.

Answer in Brief

Solution

Consumers are exploited in the following ways:

  1. Sale of adulterated goods, i.e., adding something inferior to the product being sold.
  2. Sale of substandard goods, i.e., sale of goods which do not confirm to prescribed quality standards.
  3. Use of false weights and measures leading to underweight.
  4. Misleading advertisements, i.e., advertisements falsely claiming a product or service to be of superior quality, grade or standard.
  5. Supply of defective goods.
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Understanding the Importance of Educating Consumers of Their Rights
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Chapter 14: Consumer Awareness - Exercise [Page 214]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 14 Consumer Awareness
Exercise | Q 2. | Page 214
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 14 Consumer Awareness
Exercise | Q 11. (i) | Page 215
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 14 Consumer Awareness
QUESTION BANK | Q 11. (i) | Page 216
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