Think of one example from your experience where you thought that there was some 'cheating' in the market. Discuss in the classroom.
One common example of cheating in the market is when traders indulge in unfair trade practices. For instance, shopkeepers may weigh less than what they should or add charges that were not mentioned before, effectively exploiting the buyer.
Another instance is the sale of adulterated or defective goods. For example, a vegetable seller might use stones in place of the exact weight or sell excessively bright coloured vegetables that arouse suspicion. Such practices highlight the need for rules to ensure protection for consumers.
Explanation
The answer is derived from the section 'Exploitation in the marketplace' in the provided text, which lists specific ways people are cheated. It mentions 'unfair trade practices' such as shopkeepers weighing less than they should or adding hidden charges. It also references the sale of 'adulterated/defective goods'. Additionally, the survey questionnaire in the text provides concrete examples like vegetable sellers using 'stones in place of the exact weight' or selling 'excessively bright coloured vegetables'.