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in Social Science by (150k points)
“Democracies are not appearing to be very successful in reducing economic inequalities”. Analyse the statement.

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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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