Factors leading to consumer exploitation:
1. Information Gaps: Lack of information or misleading details about products/services.
2. Market Dominance: Monopolies or limited competition enabling price manipulation.
3. Unfair Practices: Deceptive advertising, hidden fees, or poor-quality goods/services.
4. Complex Contracts: Contracts with hidden clauses favoring businesses.
5. Financial Predation: Predatory lending or high-interest loans burdening consumers.
6. Technology Impact: Rapid changes leading to outdated regulations and new consumer risks.
7. Globalization Challenges: Cross-border transactions exploiting regulatory gaps.
8. Weak Legal Protection: Ineffective laws or enforcement failing to protect consumers.
9. Cultural Factors: Consumer ignorance or acceptance of unfair practices due to cultural norms.
Addressing these factors requires stronger consumer protection laws, enhanced awareness, and fair trade practices.