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Mention Two Causes of Consumer Exploitation. - Economics

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Question

Mention two causes of Consumer Exploitation. 

Short Note

Solution

1. Low Literacy: Illiteracy leads to exploitation, lack of consumer awareness is the root cause of exploitation.

2. Limited Information: Producers provide incomplete and incorrect information about various products.

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Factors Causing Exploitation of Consumers
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2014-2015 (March) Set 1
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