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

In the market, consumers may face various forms of exploitation:

1. Unfair Pricing: Businesses charging excessively high prices or using deceptive pricing strategies, taking advantage of consumer demand or crises.

2. False Advertising: Misleading claims or deceptive advertising regarding product quality, benefits, or features, leading consumers to make uninformed purchase decisions.

3. Counterfeit Products: Selling fake or substandard goods as genuine products, deceiving consumers about the authenticity or quality of the item.

4. Hidden Charges: Concealing additional fees or charges in contracts, misleading consumers about the true cost of products or services.

5. Predatory Lending: Offering loans with hidden fees, exorbitant interest rates, or unfair terms, exploiting consumers and trapping them in debt.

6. Unsolicited Sales: Pressuring consumers into buying unnecessary products or services through aggressive sales tactics.

7. Privacy Breaches: Misusing or exploiting personal data collected from consumers without consent, violating privacy rights.

8. Bait-and-Switch: Advertising a product at a favorable price but substituting it with a different, often inferior, product upon purchase.

9. Unethical Practices: Engaging in corrupt or anti-competitive behavior, harming consumers and limiting choices in the market.

10. Poor Quality Goods: Selling low-quality or unsafe products, jeopardizing consumer health and safety due to inadequate standards or negligence.

Consumer awareness, strong regulations, and ethical business conduct are crucial in preventing and addressing these exploitative practices, ensuring fair treatment and protection of consumer rights.