Consumer Exploitation

The reasons for consumer exploitation are varied and complex.

Consumers are referred to as 'kings' because of the power they have in their pockets.

The irony is that despite being referred to as 'king', significant numbers of consumers are still exploited on a daily basis.

<p>Consumers may be exploited due to lack of information or knowledge about their rights, unfair business practices by companies, or lack of competition in the market.</p> Signup and view all the answers

<p>The term 'kings' implies that consumers have power in the market, but in reality, some companies take advantage of this power imbalance to exploit consumers.</p> Signup and view all the answers

<p>Regulations can be put in place to protect consumers, consumers can educate themselves on their rights and make informed choices, and competition in the market can help prevent companies from engaging in unfair practices.</p> Signup and view all the answers