"Economic growth in democracies is accompanied by increased inequalities among the people." Explain.

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Kalyan Vallapu

Economic growth in democracy increase inequalities among people because raise in purchasing power of goods by people which tends to increase production of goods which increase revenues to entrepreneur which tends to hold large amount of share of country income among themselves
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Tutor

I am taking only Maths & Science for class XI & X. So sorry, I can't explain the topic.
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Teacher

Think of democracy as a jungle - resources increased. When resources increases all the animals find an opportunity to take advantage of the resource. But, the resource is a sudden expansion in population of wild boar, as a result only carnivorous animals will take advantage of this new increased resource. Similarly,...
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Think of democracy as a jungle - resources increased. When resources increases all the animals find an opportunity to take advantage of the resource. But, the resource is a sudden expansion in population of wild boar, as a result only carnivorous animals will take advantage of this new increased resource. Similarly, in developing countries where economic growth shows development but at the same time few from the population can take advantage of the growth and as a result there is inequality among the citizens. read less
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Economic growth in democracies is derived by measures taken by the government to attract foreign direct investment by making policy that suits corporates and it causes the concentration of wealth in a particular section of society who exhaust the government policy in their favor and poor and middle-income...
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Economic growth in democracies is derived by measures taken by the government to attract foreign direct investment by making policy that suits corporates and it causes the concentration of wealth in a particular section of society who exhaust the government policy in their favor and poor and middle-income group people left behind that causes inequalities among the people. read less
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