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.
What are the two reasons for consumers exploitation?
1) Consumers buy a wide range of goods without making an adequate initiative to know consumer rights. 2) Due to illiteracy, consumers may not challenge the quality and quantity of goods supplied by the seller, even the goods and services provided by them are not satisfactory.
What is exploitation of consumer?
Introduction Consumer exploitation refers to taking undue advantage of consumers or a group of consumers by the sellers for their own benefit or purpose. This is the basis of consumer exploitation. There are various forms through which consumers are being exploited.
How can consumers be exploited?
Consumers are exploited in the following five ways:
- Sale of adulterated goods, i.e. addition of inferior substances to the product being sold.
- Sale of sub-standard goods, i.e. sale of goods which do not confirm to the prescribed quality standards.
- Use of false weights and measures leading to losses.
How can we prevent consumer exploitation?
Consumer protection is very important to prevent consumers from getting exploited due to factors like (i) Physical protection of a consumer; (ii) Unfair trade practices; (iii) Protection against environmental hazards; (iv) Protection from deceptive advertising; (v) Unorganised consumer; and (vi) Growth of business.
What are the forms of consumer exploitation?
1.4. Forms of Consumer Exploitation
- Underweight and under-measurement.
- Sub-standard quality.
- High prices.
- Duplicate articles.
- Adulteration and impurity.
- Lack of safety devices.
- Artificial scarcity.
- False and incomplete information.
What are some examples of consumer exploitation?
Examples: By giving substandard quality, under-measurement, under-weight, duplicate, adultered or impure-goods. Charging more price. Faulty manufacture goods or medicines. Not issuing proper bill or receipt etc.
What should consumers be aware of?
Consumer awareness means being conscious of having knowledge about the various consumer production laws, redress mechanism and the consumer rights which include right to protection of health and safety from goods and services that the consumer buy, right to be informed about the quality, price, potency, purity and …
How consumers are cheated in market?
A consumer is said to be exploited when he/she is cheated by the producer or trader into buying lower quality or adulterated goods for more money. (v) Traders and producers might sometimes hoard goods and create an artificial scarcity in the market and then sell those hoarded goods at higher prices.
Who is responsible for consumer exploitation?
1. Limited information : In the absence of information about different aspects of the products namely price, quality, composition, condition of use etc., the consumers are liable to make a wrong choice and loss money.
What are the two types of exploitation?
Types of exploitation
- Sexual exploitation. This is when someone is deceived, coerced or forced to take part in sexual activity.
- Labour exploitation.
- Domestic servitude.
- Forced marriage.
- Forced criminality.
- Child soldiers.
- Organ harvesting.
Are consumers aware of their rights?
Consumer Awareness is the process of making the consumer of goods and services aware of his rights. It involves educating a consumer about safety, information and the redressal options available to him.
Why consumers are cheated?
Consumers are cheated by the manufacture by the following ways : 1. High Prices : Traders can charge a price higher than the price prevailing in the market because of the ignorance and urgency of the customer. 2.
How do shopkeepers cheat customers?
A shopkeeper can also dupe consumers by simply placing the weighing machine on an uneven surface, as accurate measurement can be obtained only if the machine is placed on a flat surface. Many shopkeepers are seen placing their machines awkwardly either out of ignorance or intentionally.
