"Democracies are not appearing to be very successful in reducing economic inequalities." Analyse the statement.
"Democracies are not appearing to be very successful in reducing economic inequalities." Analyse the statement.
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Democracy and the economic outcomes:
(i) SIow economic development and economic growth due to population.
(ii) Basic needs of life, such as food clothing, shelter are difficult to achieve.
(iii) Prevalence of economic inequalities.
(iv) Poverty is still a big issue.
(v) Allocation of resources in few hands.
(vi) Unjust distribution of goods and opportunities.
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