Question

What is the link between markets and equality?

• A. Some markets sell expensive things.
• B. Markets are of different types.
• C. All buyers can afford to buy branded goods.
• D. All traders can sell branded goods.

Answer 1

Answer: (A), (B)

The correct options are
A Some markets sell expensive things.
B Markets are of different types.

The type of market we choose to buy goods for our daily needs depends on our capacity to spend money. Most people cannot afford branded goods. Only some are able to afford branded goods sold in shopping malls. Thus, inequality exists between buyers in different markets. This also leads to inequality among sellers.