Question

10.Do you see equality in the market? Justify your answer by giving a suitable example.

Sub-headings:

● Very different people

● Types of shop owners

● Unequal earnings

● Different buyers

● Example​

Answer 1

Not only shop owners are different people, but also the buyers. In the market we see different types of buyers. There are several buyers who are not able to afford even the cheapest of goods while others are busy shopping luxurious items in malls. Thus, we see no equality in the market place.

Answer 2

Answer:There is no equality in the market because all does not earn the same profit in the market. For example, foreign business persons gain more profit whereas garment exporters make moderate profits. Some people like small weavers, farmers, vegetable sellers earn very less profit

Explanation:

We do not see equality in the market. Big and powerful business persons earn huge profits while small traders earn very little. For example, the shop owners in a weekly market and those in a shopping complex are two different people. One is a small trader who has little money to run the shop