what is the meaning of markets and equality
Share
what is the meaning of markets and equality
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
Thus, by nature, market always cater to those demands which are backed-up with the purchasing power. In this way, the market functions as per the price signals. That means, if demand is high, then price is high and market will provide these goods. However, in this way, the market overlooks the equality of society.
Answer:
Thus, by nature, market always cater to those demands which are backed-up with the purchasing power. In this way, the market functions as per the price signals. That means, if demand is high, then price is high and market will provide these goods. However, in this way, the market overlooks the equality of society.