Question

Examine the forms of economic inequality in Democracy . Explain it in atleast 7 points .

Class - 10th
Chapter - Outcomes of Democracy


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Answer 1

Answer:

Economic inequality in a democracy is mainly seen in the form of disparities in income.The result is that the rich are becoming richer day by day and the poor are becoming poorer.

Economic exploitation is also another form of economic inequality where some are paid more while some are paid lesser.

Unemployment also form a part of economic inequality as most of the people are deprived of jobs and are forced to embrace poverty.

Economists talk about two types of economic inequality: wealth and income inequality. Income inequality looks at how big the differences in what people get paid are in the economy. ¹ Income can means wages, but also all the earnings people make from owning shares, rent and profits from selling companies.

Current issues are now on the Chicago Journals website. Read the latest issue. Established in 1939 and published for the Southern Political Science Association, The Journal of Politics is a leading general-interest journal of political science and the oldest regional political science journal in the United States. The scholarship published in The Journal of Politics is theoretically innovative and methodologically diverse, and comprises a blend of the various intellectual approaches that make up the discipline. The Journal of Politics features balanced treatments of research from scholars around the world, in all subfields of political science including American politics, comparative politics, international relations, political theory, and political methodology.

Answer 2

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Economic inequality in a democracy is mainly seen in the form of disparities in income. The result is that the rich are becoming richer day by day and the poor are becoming poorer. ... Unemployment also form a part of economic inequality as most of the people are deprived of jobs and are forced to embrace poverty.

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