Ex

  Economics (NTSE/Olympiad)  

5. Consumer Rights

Major Factors Responsible For The Exploitation Of The Consumer

Major Factors Responsible For The Exploitation Of The Consumer
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.
2. Wrong information : In the absence of full and correct information a consumer may get exploited.
3. Shortage of supply : Due to under development of industry there is a shortage of supply. This gives rise to hoarding and price rise.
4. Limited competition : Due to under development of industry there is a lack of competition in the market. This may lead to exploitation of the consumers.
5. Illiteracy and ignorance of the consumers : In most of the developing and under developed economies illiteracy rate is very higher consumers can be easily cheated by the producer.

If you want to give information about online courses to other students, then share it with more and more on Facebook, Twitter, Google Plus. The more the shares will be, the more students will benefit. The share buttons are given below for your convenience.
×

NTSE Economics (Class X)


NTSE Economics (Class IX)


SHOW CHAPTERS

NTSE Physics Course (Class 9 & 10)

NTSE Chemistry Course (Class 9 & 10)

NTSE Geography Course (Class 9 & 10)

NTSE Biology Course (Class 9 & 10)

NTSE Democratic Politics Course (Class 9 & 10)

NTSE Economics Course (Class 9 & 10)

NTSE History Course (Class 9 & 10)

NTSE Mathematics Course (Class 9 & 10)