Question

Discuss the relationship between markets and equality

Answer 1

Market always cater to those demands which are backed-up with the purchasing power. In this way, the market functions as per the price signals. That means, if demand is high, then price is high and market will provide these goods. However, in this way, the market overlooks the equality of society.

Answer 2

Discuss the relationship between markets and equality

Thus, by nature, market always cater to those demands which are backed-up with the purchasing power.

In this way, the market functions as per the price signals. That means, if demand is high, then price is high and market will provide these goods.

However, in this way, the market overlooks the equality of society.

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