Choose the given statement that is true/false.

Democracy can reduce income and other inequalities in society.

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Detailed Solution

This statement is true.
Democracy can reduce economic and social inequalities in society. First of all, it aims to provide equal opportunities to all without discrimination of caste, gender, colour, religion, or race. Secondly, it has reduced and is continuously working on reducing income and wealth inequalities in society by providing better living conditions and healthcare facilities to the poor for economic and social upliftment. For example, in India, the government has passed the minimum wages act and has initiated many schemes like MGNREGA to provide a basic pay level to the poor. The government is also creating economic opportunities for the youth to generate employment, efficiency, and prosperity through the Startup India project. So, all these initiatives are aimed at reducing socio-economic inequalities.

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