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What are the objective of consumerism Nigerian?

The objective of consumerism in Nigerian economy is to ensure that consumers are not exploited. This seeks to protect the interests of the consumers in the market.


Case study on monopoly market structure?

A case study on monopoly market structure indicates a number of things. In most cases, consumers are exploited as they do not have any alternative in a monopoly market.


Are there benefits to competition?

There are so many benefits that are associated with competition in a market. Some of the main benefits include quality products, competitive prices, consumers are not exploited and so much more.


Ways by which people may be exploited in market?

adulteration


What is the needs of consumer?

Consumers are always exploited by traders and sellers. Consumer awareness is needed to prevent the exploitation of consumers by traders and manufacturers. Consumers must also be made aware of their rights and duties.


What are the advantages of an imperfect market?

An imperfect market in which there is widespread price dispersion that can be exploited by marketers is more advantageous to businesses.


What is business opporunity?

A business opportunity is a niche (or opening) in the market that can be exploited for profit.


What are contestable consumers in the electricity market?

These consumers have the choice of buying electricity either from retailers or from the wholesale electricity market.


Why are consumers exploited?

...Because consumers are not well aware of their rights, then they get exploited. Whenever firms follows false illegal and corrupt trade policies they inspires the consumers to buy their products through wrong way. and firms wants to sell there's products by all possible means. Firms can assume black marketing or hoarding wherein the pile up stocks in order to create deficiency of a certain commodity in the economy which ultimately increases the price. that's why consumer exploited ....Satish Rahta shimla Reliance customer service


What happens in a market?

In a product market businesses make and sell goods to consumers. Consumers use their income to purchase these goods.


Difference between mass market and niche market?

Mass market is when business targets general consumers (the majority) in the market with general needs. Niche market is when business targets a small group of consumers with specific needs in the market.


Do consumers sell goods in the market?

no