. Mention a few factors which cause exploitation of consumers

Best Answer

Answer: A few factors that cause the exploitation of consumers are as follows:

i. The most important factor is the lack of awareness. People do not ask for proper bills while buying products, which ultimately results in the exploitation of the consumer if the product bought is defective.

ii. There is no proper monitoring of rules and regulations.

iii. Consumer ignores small losses and does not complain about them, which makes the seller more ignorant.

iv. Lack of consumer consciousness. A consumer must always check the MRP, expiry date and manufacturing date and then buy a product.

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