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Q.

How is inequality present in the market?


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a

India is a developing nation and inequalities exist.

b

Inequality is present due to the favouritism offered to foreigners

c

Through presence of beggars

d

Through inequality of income 

answer is D.

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Detailed Solution

Inequality of income can be seen in the market.
Store proprietors in a mall and a weekly market are extremely dissimilar in that the former can spend a lot of money on opening the shop, but the latter is a small merchant with little money. Compared to the earnings of a conventional store owner in a shopping centre, the weekly market vendor makes a pittance. Buyers are positioned differently, too. While others are busy shopping at malls, many people cannot afford the cheapest products. Thus, the financial situation also determines whether one may be a buyer or seller in markets.
 
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