Question

How does market creates inequality that harm democracy

Answer 1

Market creates inequality that harm democracy in the following ways -
a. A big shopkeeper becomes able to earn more Profit than a small shopkeeper by huge investment.

b. Purchasing power of the customers vary from low to high which creates inequality among customers.

c. The chain of production and marketing activities enable it's different factors to make uneven profit.

Answer 2

Hey! Here is your 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.