INTB 2200 Lecture Notes - Damping Ratio, Active Measures, Avail
Document Summary
Due to improper market structure traders or middlemen have become all powerful. They have bent the rules in such a way that it is possible for them to cheat and get away. Moreover the unorganized producers and the market machinery are no match to the powerful trader legally. Even in regulated government markets middlemen resort to malpractices. Some of the malpractices commonly resorted to by middlemen are as follows: scales and weights are manipulated against the seller. This practice is rendered easier by the fact that there are no standardised weights and measures nor any provision for regular inspection: there are all kinds of arbitrary deductions for religious and charitable purposes and for other objects. Some of the practices obtaining in the market amount to nothing less than common theft. Although the agricultural produce (grading and marketing) act was passed in 1937 even today in most unregulated markets the practice of grading is unheard of.