Q. 165.0( 1 Vote )
Explain the various ways by which the consumers are exploited by the producers or wholesalers?
A consumer is any person who consumes and receives satisfaction by paying the value for purchasing any commodity. The consumer can be a consumer of goods or a consumer of services. The situation in which the buyers do not receive the benefits and services according to the buyer's value or the situation in which the sellers receives or charges the value of commodities higher than its value is known as consumer exploitation. Consumer exploitation can be made in many different ways in such major ways are being discussed:
Consumer exploitation is taking advantage of consumers. The term "hoarding" may include the practice of obtaining and holding resources to create artificial scarcity, thus reducing the supply, to increase the price, so that they can be sold to customers for profit.
b. Black marketing
The black market is the strategy used by the seller to sell the commodity higher by creating artificial scarcity. This is a market place which takes place outside the government-sanctioned channel.
It is the process of mixing or substituting identical and undesirable materials in the food items. This will cause heavy loss to the consumers and also leads to many diseases while consuming undesirable commodities. For example Mixing of bricks powder in chilli powder, because both are identical and the consumer cannot differentiate it.
d. False claim
Sellers make a false claim about the performance and quality of their product through advertisements. This false claim may attract consumers who are not aware of the original quality of the product.
e. Under measurement
Sellers generally give under measured goods and charge for the actual quantity. This quantity reduction will increase the profit of the sellers but exploit the consumers.
Rate this question :
What are Consumer Protection Councils (CPCs)? What are the main activities of the CPCs?Together With Social Science
Explain with three suitable example the meaning of ‘right to be informed' as provided under the Consumer Protection Act, 1986.Together With Social Science
State any five achievements of the consumer movements in India.Together With Social Science
Explain any five rights of a consumer under the Consumer Protection Act, 1986.Together With Social Science
People make complaints about the lack of civic amenities such as bad roads or poor water and health facilities but no one listens. Now the RTI Act gives you the power to question. Do you agree? Discuss.Together With Social Science
“Rule and regulations are required for the protection of the consumers in the market place.” Justify the statement with arguments. [All India 2016]Together With Social Science
Explain the various ways by which the consumers are exploited by the producers or wholesalers?Together With Social Science