Why most of the consumers in the market get exploited?

Asked by Last Modified  

8 Answers

Learn Social Studies +1 Class IX-X Tuition

Follow 6
Answer

Please enter your answer

1. Illiteracy and Ignorance: Consumers in India are mostly illiterate and ignorant. The do not understand their rights. A system is required to protect them from unscrupulous businessmen. 2. Unorganized Consumers: In India consumers are widely dispersed and are not united. They are at the mercy of businessmen....
read more
1. Illiteracy and Ignorance: Consumers in India are mostly illiterate and ignorant. The do not understand their rights. A system is required to protect them from unscrupulous businessmen. 2. Unorganized Consumers: In India consumers are widely dispersed and are not united. They are at the mercy of businessmen. On the other hand, producers and traders are organized and powerful. 3. Spurious Goods: There is increasing supply of duplicate products. It is very difficult for an ordinary consumer to distinguish between a genuine product and its imitation. It is necessary to protect consumers from such exploitation by ensuring compliance with prescribed norms of quality and safety. 4. Deceptive Advertising: Some businessmen give misleading information about quality, safety and utility of products. Consumers are misled by false advertisement and do not know the real quality of advertised goods. A mechanism is needed to prevent misleading advertisements. 5. Malpractices of Businessmen: Fraudulent, unethical and monopolistic trade practices on the part of businessmen lead to exploitation of consumers. Consumers often get defective, inferior and substandard goods and poor service. Certain measures are required to protect the consumers against such malpractices. read less
Comments
Dislike Bookmark

Online tutor(English, French and Maths)

Most of the consumers do not bother to check the details regarding the date of manufacture, the date of expiry and the MRP. They go by mere showy advertisements. Naturally, they are exploited.
Comments
Dislike Bookmark

Maths & Science Teacher

This is because of lack of knowledge (ignorance) among the customers for the whole variety of goods and services that they buy.
Comments
Dislike Bookmark

revival

Due to lack of product knowledge and less awareness of their rights and the main reason is monopoly of the producer
Comments
Dislike Bookmark

I am B. Tech(Computer Science/IT) graduate

To make maximum money out from customers
Comments
Dislike Bookmark

Tutor

There are many ways by which consumers are exploited. A few of them are: A. Selling at higher prices -- The price charged for the product will not be proportionate to the quality; B. Product risk -- Drugs that are hazardous, banned or beyond expiry date, electrical appliances with inadequate safety...
read more
There are many ways by which consumers are exploited. A few of them are: A. Selling at higher prices -- The price charged for the product will not be proportionate to the quality; B. Product risk -- Drugs that are hazardous, banned or beyond expiry date, electrical appliances with inadequate safety precautions, etc; C. Adulteration -- This is very common in food items and could prove to be highly injurious to one's health; D. Sub-standard Products -- Items whose quality is far below the required standard; E. False Claims -- Manufacturers make false representations about their products in the media with a view to mislead the consumers. Claiming that use of a particular oil will cure baldness, using a company's fairness cream for a specific period will make one fair, etc., are all typical examples of exaggerated, misleading advertisements; and F. Warranty/Annual Maintenance Contract -- In many cases, though the product will have a warranty or will be under annual maintenance contract (AMC), when a problem arises, the consumer is told that certain parts will not be covered and they will have to pay. read less
Comments
Dislike Bookmark

Home Tutor

did not gave good quality
Comments
Dislike Bookmark

Mathemagician, NTSE and OLYMPIAD tutor

most of the consumers didn't check the terms and conditions related to the products they buy and hence they get exploited as most of the exploitation is related to the bad after sale service of the product
Comments
Dislike Bookmark

View 6 more Answers

Related Questions

Ramu is a shoe manufacturer and he wants to directly exchange shoes for rice without the use of money. Now he will have to look for a rice growing farmer who not only wants to sell rice but also wants to buy the shoes in exchange.Analyse the information given above, considering one of the following correct option. A double coincidence of wants B good exchange with money C good exchange with goods D none of these
In this situation, any exchange is yet to happen. But, we have found a coincidence where person A (Ramu) wants to sell shoes and needs rice and person B (farmer) who in turn wants to sell rice and needs...
Harsh
Why peoples refer more to MNC's rather than Domestic companies?
for holidays and bright future..
Shubham
1 0
7
What is interstate disparities in poverty?
Interstate disparities in layman’s terms are the proportion of poor people of one particular geographical boundary or State is not the same in other States as well. In other words, the amount of...
K
Who is the finance minister of our country?
Arun Jaitley is the current finance minister of India
Soumya
What is UNDP?
United Nations Development Programme (UNDP).UNDP helps countries develop strategies to combat poverty by expanding access to economic opportunities and resources, linking poverty programmes with countries’...
Ambar

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Russian Revolution
The Russian Revolution of 1905The Russian Revolution of 1905 was a wave of mass political and social unrest that spread through vast areas of the Russian Empire, which included worker strikes, peasant...

Dr Sangeeta S.

0 0
0
Basic French Salutations
Bonjour hello!, good morning! bonsoir! hello!, good evening! s'il vous plait please (formal) s'il te plait please (informal) pardon! ...

Shilpa C.

2 0
0
Greek Civilisation
The civilisation was developed around 800bc when the small villages clustered from city-states. They worshipped Zeus (sky god). Poseidon (sea god), Apollo(sun god), Athena(goddess of victory) etc. In...

Kaviya

0 0
0
Nazism and rise of Hitler - grade 9 History lesson sample
This History lesson is enormous, and children often end up being confused. They would have read the whole lesson but wouldn't know the topics they need to focus on. Hence mind maps would be required while...

V. Madhavi

1 0
0
Directly contact me at this no8240433436 if interesred in studying
History deals with past events and silent regarding the past. History is an age old social science and has a long story of two thousand years or even more. History is a descriptive science. History...
M

Munmun S.

0 0
0

Recommended Articles

Meet Mohammad Wazid, a skilled trainer for...

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Meet Swati, a Hindi Tutor from Bangalore

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Quest Academy - Institute of the month

Quest Academy is a professional Bangalore based NEET and JEE (Main + Advanced) training institute. The academy was incorporated in 2015 to cater to the needs of students, who aim to crack competitive exams by connecting with the best brains around. The institute helps students enhance their skills and capabilities through...

Read full article >

Meet Raghunandan.G.H, a B. Tech Tutor from...

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Find Class 10 Tuition near you
Class 10 Tuition in Delhi
Class 10 Tuition in Bangalore
Class 10 Tuition in Hyderabad
Class 10 Tuition in Kolkata
Class 10 Tuition in Mumbai
Class 10 Tuition in Chennai
Class 10 Tuition in Pune
Class 10 Tuition in Noida
Class 10 Tuition in Lucknow
Class 10 Tuition in Gurgaon
Online Tuition Class 10

Looking for Class 10 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you