“Consumer awareness is essential to avoid exploitation in the market place.”

cbse
economics
consumer-rights
cbse-class-10
cbse-class-10-social

#1

“Consumer awareness is essential to avoid exploitation in the market place.” Support the statement.

Answer:
Consumer awareness to avoid exploitation: Consumer awareness is essential to avoid exploitation in the market place. Market do not work in a fair manner. Exploitation happen in various ways. Therefore, awareness is essential. Certain details are given on the packing. When we buy medicines, on the packets details are marked. Rules have been made so that the manufacturer displays the information. Consumers can complain and ask for compensation or replacement of the product, if proves to be defective in any manner.