Explain various ways by which consumers are exploited by the producers or wholesalers. [AI 2005, Foreign 04] |
Or |
Describe any six common ways in which consumers are exploited by manufacturers and traders. [Delhi 2006] |
Or |
Describe briefly any six forms of consumer exploitation. [AI 2005C] |
Answer:
The main ways of exploitation of consumers are described below:
(i) Adulteration - Adulteration means mixing or substituting undesirable materials in food. This causes heavy loss to the customers; they suffer from monetary loss as well as spoil their health.
(ii) False claim: Sellers make false claim about the durability and quality of their product through advertisements.
(iii) Under measurement: Seller generally give under measured good and charge for the actual quantity.
(iv) Hoarding and Black marketing: Trader generally hold the stock of essential commodities to create artificial scarcity in the market so that they can sell their commodities at higher price.
(v) Substandard goods: Sellers usually sell inferior quality goods in order to make more profits.
(vi) High Price: Sellers who are dealing in necessities generally charge arbitrary prices.
(vii) Duplicate Articles: In the name of genuine parts or goods, duplicate items are sold to the consumers.
(viii) Lack of safety devices: Electronic appliances produced locally lack the required inbuilt safeguards which causes harm to the consumers.
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