According to the importance of consumer protection from consumers' point of view, what is "Widespread Exploitation of Consumers"?
According to the importance of consumer protection from consumers' point of view, what is "Widespread Exploitation of Consumers"?
Solution
✅ Correct Option: 1
Widespread exploitation of consumers refers to consumers being exploited by unscrupulous and unfair trade practices such as defective and unsafe products, adulteration, false and misleading advertising, hoarding and black-marketing. Option 1 states exactly this; the other options describe government intervention, unorganised consumers and consumer ignorance.
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