What are the various factors causing consumer exploitation?

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asked Oct 18, 2023 16.2k views

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Agnel Kurian · Answer 1 · 2023-10-22T19:24:47+0000

Answer:

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.

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What are the various factors causing consumer exploitation?

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What are the various factors causing consumer exploitation?