Aadi Mandani & Tanushree Jain, Amity University Chhattisgarh
Introduction
Every business is motivated for making a profit but there have to be certain ethical considerations that would promote healthy competition and defeat economic misconduct. “The desperation and greed of service providers led to a maze of unfair Trade practices.”1 Each individual in India is a consumer and engages common freedoms; the constitution likewise ensures specific key privileges to each Indian. consumerism is a vital part of the rule given by constitution. In everyday life, each purchaser or consumers is bamboozled by the efficient and prepared dealer/broker or producer of goods and services. Businesses that are engaged in unfair trade practices uses unethical, dishonest, or immoral measures for their financial advantage or some of them utilize these techniques to vanish their competitor from the market. For this reason, the take on certain restrictive and unfair trade practices rehearses. Adulteration of food (even before the consumer protection act came into existence the problem of adulteration of food is such a serious issue in India that it has been priorly discussed in section 272 of the Indian penal code, 1860)2, selling merchandise harmful to the general wellbeing, selling opiate drugs, alcohol, container masala, cigarettes, revolting writing, and so forth. Responsible these are some white-collar crimes done by sellers. Double-dealing of the buyer by the vender is a white-collar crime. There is no evil aim in the personalities of the venders. The sole area of interest is accomplishing bountiful endless benefits just ten rupees for one rupee speculation. Taking on prohibitive and unfair trade practices, debasement of food, selling the lapsed medications, and so on are financial violations or socio-economic crimes.
