Question
Give two/three reasons for consumer exploitation in India.
✓
Answer
Two/three reasons for Consumer Exploitation in India :
(i) Consumers in India lack information about the products.
(ii) Consumers are exploited when there are few powerful producers/sellers. Absence of adequate competition causes exploitation of consumers.
(iii) Producers/sellers provide limited information about the different aspects of the product.
(i) Consumers in India lack information about the products.
(ii) Consumers are exploited when there are few powerful producers/sellers. Absence of adequate competition causes exploitation of consumers.
(iii) Producers/sellers provide limited information about the different aspects of the product.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
Similar questions
Differentiate between individual demand schedule and market demand schedule.
What is meant by CRR? Briefly examine its role in credit control.
Distinguish between Internal and External Debt.
With the help of a hypothetical supply schedule, draw a supply curve. State one exception to the law of supply.
Hypothetical Supply Schedule
Hypothetical Supply Schedule
| Price of Good X (₹) | Quantity Supplied of Good X (unit) |
| 5 | 0 |
| 10 | 10 |
| 15 | 20 |
| 20 | 30 |
Briefly explain the percentage method of calculating elasticity of demand.
Give two points of similarities between public finance and private finance.
What is meant by Legal Reserve Ratio? What is meant by cash reserve ratio?
Price elasticity of supply of a good is 0.8. is the supply 'elastic' or 'inelastic', and why? Study the graph and identify the supply curve S1 and S3 with respect to its time element.
How does the availability of substitutes of a commodity affect its price elasticity of demand.
Explain the following diagram.
