The Consumer in the Market Place
The Consumer in the Market Place
The Consumer in the Marketplace:-The end user of a good or service is called Consumer. A consumer is said to be king in an economy as no company can exist without consumers, People in the participate market both as producers and consumers. Producers of goods and services could be from any of the sectors such as agriculture, industry or services. Consumers participate in the marketplace by purchasing final goods and services that they need. However, consumers are exploited in the market place because they do not insist on their rights. If any consumer gets a poor quality product and dare to complain about it to the shopkeeper, he will most likely get a rude response. If a consumer is alone, he can often find himself in a weak position when seller tries to avoid complaint regarding goods or services.
Consumer Awareness :- Consumer awareness means the conciousness or awakening among consumers towards their rights and duties .
Need for Protecting the Consumers: There is a need for rules and regulations to ensure protection for consumers as exploitation in the marketplace happens in different ways. Markets do not work fairly when producers and service providers are few and powerful, whereas consumers purchase in small amounts and are scattered. This happens when large companies are involved in production of goods. These companies can manipulate the market by passing false information through the media and other sources to attract consumers.
For example:- A company sells milk powder throughout the world for years claiming it to be better than mother’s milk. It took years of struggle before the company was forced to accept that it had been making the false claims
People participated in the market as_______ | |||
| Right Option : C | |||
| View Explanation | |||
Who among the following are the participants in market? A: Consumers B: Producers C: Government D: Consumer courts | |||
| Right Option : A | |||
| View Explanation | |||
Name two ways by which a shopkeeper cheat the customers. | |||
| Right Option : A | |||
| View Explanation |
Students / Parents Reviews [10]
About Abhyas metholodology the teachers are very nice and hardworking toward students.The Centre Head Mrs Anu Sethi is also a brilliant teacher.Abhyas has taught me how to overcome problems and has always taken my doubts and suppoeted me.
Shreya Shrivastava
8thIt has a great methodology. Students here can get analysis to their test quickly.We can learn easily through PPTs and the testing methods are good. We know that where we have to practice
Barkha Arora
10thA marvelous experience with Abhyas. I am glad to share that my ward has achieved more than enough at the Ambala ABHYAS centre. Years have passed on and more and more he has gained. May the centre flourish and develop day by day by the grace of God.
Archit Segal
7thMy experience with Abhyas is very good. I have learnt many things here like vedic maths and reasoning also. Teachers here first take our doubts and then there are assignments to verify our weak points.
Shivam Rana
7thMy experience with Abhyas academy is very good. I did not think that my every subject coming here will be so strong. The main thing is that the online tests had made me learn here more things.
Hiya Gupta
8thOne of the best institutes to develope a child interest in studies.Provides SST and English knowledge also unlike other institutes. Teachers are co operative and friendly online tests andPPT develope practical knowledge also.
Aman Kumar Shrivastava
10thBeing a parent, I saw my daughter improvement in her studies by seeing a good result in all day to day compititive exam TMO, NSO, IEO etc and as well as studies. I have got a fruitful result from my daughter.
Prisha Gupta
8thIt was good as the experience because as we had come here we had been improved in a such envirnment created here.Extra is taught which is beneficial for future.
Eshan Arora
8thI have spent a wonderful time in Abhyas academy. It has made my reasoning more apt, English more stronger and Maths an interesting subject for me. It has given me a habbit of self studying
Yatharthi Sharma
10thMy experience was very good with Abhyas academy. I am studying here from 6th class and I am satisfied by its results in my life. I improved a lot here ahead of school syllabus.
