Question

Explain the role of democracy in reducing economic disparities

Answer 1

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The government plays an important role in reducing economic disparities by adopting the following measures: 
i. Government ensures equal distribution of wealth, so that there is not a large gap between the rich and the poor. 
ii. Government undertakes extensive social welfare schemes and strives to achieve universal literacy rate. 
iii. Government takes care to provide equal opportunities to all. The income should be eventually distributed among the people

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Answer 2

Answer:

Democracy plays a pivotal role in reducing economic disparities among the people of a nation.

Explanation:

Democracy reduces economic disparities in the following ways-

• Democracy is based on political equality and hence all the citizens have an equal role in electing representatives.
• The formed democratic government formed by the citizens of a nation emphasizes equal distribution of wealth among the citizens of the country.
• A democratic government implements reforms and schemes for the upliftment of the economically deprived to ensure the equal distribution of wealth and resources.
• Opportunities are provided equally without any bias in a democratic government to ensure equality.

Hence in the above-mentioned ways, democracy ensures the reduction of economic disparities.