Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
1.0k views
in Home Science by (48.7k points)
closed by

Explain the  Hoarding and black marketing as a major problem faced by consumers.

1 Answer

+1 vote
by (41.9k points)
selected by
 
Best answer

Both of these are the biggest problems that are faced by the consumers. When a dealer stock an essential commodity and create its artificial scarcity it is known as hoarding. Black marketing is buying or selling hoarded goods secretly at a higher price. Such practices create problems for the consumers. Because consumers have to pay a very high price to buy those commodities whose price are relatively less.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...