Question

What are the various ways by which people may be exploited in the market?

Answer 1

Exploitation in the marketplace happens in various ways:

1. Exploitation of Consumers (Buyers)
   • Overcharging: Selling goods above the Maximum Retail Price (MRP).
   • Adulteration: Selling sub-standard, expired, or unsafe products.
   • False Claims: Misleading people through deceptive advertisements.
   • Underweighing: Giving less quantity than what was paid for.
2. Exploitation of Workers (Labour)
   1. Low Wages: Paying less than the legal minimum wage.
   2. No Job Security: Hiring workers temporarily and firing them without notice.
   3. Long Hours: Forcing workers to pull 12-hour shifts without overtime pay.
   4. Unsafe Workspaces: Forcing labour into hazardous, poorly ventilated factories.