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Class 10 > Learn Class IX-X Tuition > Why most of the consumers in the market get exploited?
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Why most of the consumers in the market get exploited?

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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.
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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.
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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....
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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
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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
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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...
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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
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Home Tutor

did not gave good quality
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I am B. Tech(Computer Science/IT) graduate

To make maximum money out from customers
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revival

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