What is consumer exploitation Wikipedia?

What is consumer exploitation Wikipedia?

Consumer exploitation is a situation in which a consumer is cheated or given false information by the producer. Large companies with huge wealth, power and reach can manipulate the market in various ways. At times they pass on false information through the media,and other sources to attract consumers.

What is exploitation of consumer rights?

A product or service is only worth the amount paid by the consumer if it derives consumer satisfaction. Due to lack of awareness about consumer rights, many consumers are exploited by misleading advertisements, deceptive billing practices, selling of defective goods, online frauds, hoarding, price discrimination, etc.

What are the causes of consumer exploitation?

Reasons or factors causing exploitation of consumers are: (1) Limited information (2) Limited supplies (3) Limited competition (4) Low literacy (5) Lack of bargaining power (6) Irregular prices offered (7) Misleading advertisements (8) Lack of unity and (9) Cumbersome and time taking legal proceedings.

How are consumers exploited in the market class 10?

Sale of adulterated goods. Use of false weighing scale, machines and other measures using tools. Sale of sub-standard or goods that do not conform to the prescribed quality standards. Advertisements falsely claiming a product or service to be of superior quality, grade or standard.

How many forms of consumer exploitation are there?

Adulteration, Lack of safety devices, Misleading claims, Under measurement, Duplicate Articles, and Substandard items are the Six forms of consumer exploitation.

Which of the following is a type of exploitation?

Sexual exploitation can be the form of exploitation, such as through prostitution or pornography, or it can be a means of control such as with sexual servitude or other forced sexual services. Sexual exploitation can exist in private homes, brothels, massage parlours, or nightclubs.

What is exploitation give example?

Exploitation is defined as the act of using resources or the act of treating people unfairly in order to benefit from their efforts or labor. Making use of natural resources to build a city is an example of the exploitation of those resources.