How does market create inequalities that harm democracy?
Explain the terms 'demand' and 'supply' with an example from our daily life.
Describe the role played by the government in protecting the interests of all sections of the society.
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?
Answers
Answer:
How does market create inequalities that harm democracy?
Explain the terms 'demand' and 'supply' with an example from our daily life.
Describe the role played by the government in protecting the interests of all sections of the society.
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?
Explanation:
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.
Supply refers to the amount of goods that are available. Demand refers to how many people want those goods. When supply of a product goes up, the price of a product goes down and demand for the product can rise because it costs loss. ... Supply and demand should reach an equilibrium.
A democratic government is committed to protect the interest of all sections of the society. ... the government has fixed minimum wage so that the workers are able to fulfill the basic needs, besides opening employment exchanges to register names of unemployed candidates who desire employment.
The price of plastic bucket is cheap in weekly market is cheaper than that compared to mall. because goods that are sold in malls include money of taxes,electricity charges,rents and govt fee. whereas weekly markets dont incur all the above mentioned expenditures neither they need to pay wages to their workers.