"Democracies do not appear to be very successful in reducing economic inequalities." Justify the statement.
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Success of Democracies in reducing economic inequalities:
⇉ We find growing economic inequalities in Democratic countries.
⇉ A small number of ultra rich enjoys a highly disproportionate share of wealth and incomes.
⇉ Their share in the total income of the country has been increasing.
⇉ The income of poor have been decline sometimes they find it difficult to meet their basic needs of life.
⇉ Though democracies gradually reducing the number of poor from poverty & hunger.
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