How does market create inequality that harm democracy?
Answers
Answered by
4
Market create inequalities that harm democracy because some markets separates poor and rich and some has different prices for different states mainly GST which is known as goods and services tax which adds some tax amount which is adorable for poor people.
Answered by
3
Answer:-
- There are different types of markets like retail stores, mails, wholesale shops or weekly markets. They are owned by different people.
- On the other hand, we have the shopkeeper who sets up his shop in different areas on specific days of the week. He stores his goods at home and transports and sells them himself or with the assistance of the members of the family. On the other hand, we have a chain store, whose owner spends a lot of money on decorating, maintaining and stocking it. Both shopkeepers spend and earn unequal amounting of money.
- Similarly, there are differences in the buying power of customers. One buyers may be able to afford only cheap goods from a weekly market whereas another may buy branded items from top stores. The selling as well as buying depends on money.
Similar questions