“Democracies are not appearing to be very successful in reducing economic inequalities”. Analyse the statement.

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asked Mar 12, 2018 in Social Science by paayal (26,720 points) 4 6 11
“Democracies are not appearing to be very successful in reducing economic inequalities”. Analyse the statement.

1 Answer

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answered Mar 12, 2018 by sanjaydas (61,430 points) 5 7 7
selected Mar 14, 2018 by faiz
 
Best answer

Democracies and the economic outcomes:
(i) Slow economic development and economic growth due to the excessive population.
(ii) Basic needs to live, such as food, clothing, shelter are difficult to make.
(iii) Prevalence of economic inequalities.
(iv) In democracies, poverty is still a big issue as the difference in incomes is too much and economic inequalities do exist.
(v) Allocation of resources is in few hands.
(vi) There is an unjust distribution of goods and opportunities.
 

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