Question

E. Answer the following questions.
1.
Do you buy different types of goods from different markets? Support your answer with two examples.
2. How does market create inequalities that harm democracy?
3. Explain the terms 'demand' and 'supply' with an example from our daily life.
4. Describe the role played by the government in protecting the interests of all sections of the society.
5. Compare the price of a plastic bucket from a weekly market and a mall. What are the reasons behind
the difference in price and why?
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Answer 1

Answer:

2.) Market create inequities that harm democracy because some markets seperates poor and rich and some has different prices for different states mainly GST which is known as good and services tax which adds some tax amount which is adorable for poor peoples.