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Explain Clearly Three Reasons as to Why Consumers Are Exploited. - ICSE Class 10 - Economics

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Question

Explain clearly three reasons as to why consumers are exploited.

Solution

The reasons for the exploitation of consumers in India:

  • Consumers buy a wide range of goods without taking adequate initiatives to know consumer rights.
  • Due to illiteracy, consumers do not challenge the quality and quantity of goods supplied by the seller, even though the goods and services provided by them are not satisfactory.

Hence, consumers are exploited by providing false statements about the quality of the product and cheat consumers by falsely representing old goods as new goods in the market.

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APPEARS IN

 2016-2017 (March) (with solutions)
Question 9.1 | 5.00 marks
Solution Explain Clearly Three Reasons as to Why Consumers Are Exploited. Concept: Understanding the Importance of Educating Consumers of Their Rights.
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