Answer:
The
following points explain the given statement
(i) Democracies are based on political
equality.
(ii)All individuals have equal rights
in electing representatives.
(iii) Parallel to the process of bringing individuals into the political
arena on an equal footing, we find growing economic inequalities.
(iv) A small number of ultra-rich enjoy a highly disproportionate
share of wealth and incomes.
Not only that, their share in the total income of the
country has been increasing.
(v) Those at the bottom of society have very little to depend
upon. Their incomes have been declining.
Sometimes, they find it difficult to meet their basic
needs of life such as food, clothing, housing, education and health. In actual
life, democracies do not appear to be very successful in reducing economic
inequalities.
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