Name: Unequal Income Distribution in the Market
Uploaded: 2019-07-19
Duration: 4 min 28 s
Description: The market fulfills our needs. However, it is different for everyone. Those getting a livelihood from the market have unequal distribution of profit.

Question

'There is a gross inequality in the market.' Discuss with reference to the chapter.

Accepted Answer

In profits and wages that the people at different levels get there is gross inequality in the earnings in the market. The businessperson in the U.S and Europe earned the highest profit followed by the garment exporter. The factory workers, weavers, and small cotton farmers' earnings are very low. The merchants and traders earn a moderate profit.

The maximum profit from the market is obtained by rich people. People who have huge capital and own big shops and factories earn the most. The dependency of the poor is on the people who lend money to them. The traders also earn in the process. The farmers and workers are exploited in the whole process.

'There is a gross inequality in the market.' Discuss with reference to the chapter.

Important Questions on A Shirt in the Market

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