The Consumer in the Marketplace

Author:NCERT
10th CBSE
IMPORTANT

The Consumer in the Marketplace: Overview

This topic discusses the status of a consumer in the marketplace. It elaborates on the congeniality of the marketplace that leaves the buyer in a miserable condition. The exploitation of consumers and unfair trade practices have become a culture.

Important Questions on The Consumer in the Marketplace

HARD
IMPORTANT
Understanding Economic Development (Social Science)>Consumer Rights>The Consumer in the Marketplace> Q 1

What do you think should be the role of the government to protect consumers?

HARD
IMPORTANT
Understanding Economic Development (Social Science)>Consumer Rights>The Consumer in the Marketplace> Q 2

What are the various ways by which people may be exploited in the market?

EASY
IMPORTANT
Understanding Economic Development (Social Science)>Consumer Rights>The Consumer in the Marketplace> Q 3

Mention a few factors that cause exploitation of consumers.

HARD
IMPORTANT
Understanding Economic Development (Social Science)>Consumer Rights>The Consumer in the Marketplace> Q 4

Why are rules and regulations required in the marketplace? Illustrate with a few examples.