Consumer Exploitation. Consumer exploitation is widespread in India due to factors
Consumer exploitation is widespread in India due to factors such as limited consumer information and education, unorganized The document discusses consumer protection against exploitation, defining consumers and customers, and highlighting the difference between the two. When consumers do not get ralue for their money due to dishonesty on the part of aders and/or manufactures, consumer exploitation takes lace. Nov 23, 2024 ยท Consumer exploitation, as defined in Dharmashastra, highlights the negative consequences for consumers due to deceitful sellers, a concern Yajnavalkya aimed to address. This Article addresses the problem with consumer exploitation and describes some of the market characteristics that facilitate consumer exploitation. This dual perspective emphasizes the importance of safeguarding consumers from Consumer exploitation occurs when consumers are misled or cheated by producers and sellers. If you or someone you care about is the victim of a fraud, scam or financial exploitation, you can report the fraud or scam to the Federal Trade Commission (FTC). Consumer Protection In India, consumer protection is an old concept. However, the impact of monopolies extends far beyond just the business world. As the nation’s consumer protection agency, the FTC takes reports about scammers that cheat people out of money and businesses that don’t make good on their promises. Consumer exploitation is increasingly recognized as a criminal offense rather than purely civil.