How does market create inequalities and harm democracy
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In the market wages the poorer people were were not able to give taxes like GST through the poor people been more pooer and rich people been more rich.
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Answered by
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market create inequalities and harm democracy in these following ways -
(i) a big shopkeeper becomes able to earn more profit than a small shopkeeper by huge investment .
(ii) purchasing power of customer vary from low to high which creates inequalities among customers .
(iii) the chain of production and marketing activities enables it's different factors to make uneven profit
(i) a big shopkeeper becomes able to earn more profit than a small shopkeeper by huge investment .
(ii) purchasing power of customer vary from low to high which creates inequalities among customers .
(iii) the chain of production and marketing activities enables it's different factors to make uneven profit
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