Identify the importance of Consumer Protection from consumers point of view.

Widespread Exploitation

The correct answer is Option 3- Widespread Exploitation

Consumers face the risk of exploitation through unethical trade practices such as selling defective and unsafe products, adulteration, deceptive advertising, hoarding, and black-marketing. It is essential to ensure protection for consumers against these unfair practices employed by sellers.

Rest others are importance from the point of view of Business.