Consumer exploitation is a situation in which a consumer is cheated or given false information by the producer. Large companies with huge wealth, power and reach can manipulate the market in various ways. At times they pass on false information through the media,and other sources to attract consumers. Consumer Any person who buys anything in the market or pays for any service is a consumer. Consumer Exploitation When a consumer is cheated in any way, either by the shopkeeper or the producer, by giving him poor quality or adulterated goods or by charging more price for a commodity or a service, it is called consumer’s exploitation. What is Consumer Exploitation?Consumer exploitation is the use of unethical or unfair methods by different companies to profitably take advantage of their consumers. Lack of understanding, lack of negotiating force or weakness causes consumers to be exploited. Learn about the six forms of consumer exploitation in India, such as misleading advertising, counterfeit products, and online fraud. Understand how they affect consumers and society, and what can be done to prevent and address them.
