Answer:
It
is true. The following points justify that
(i) A small number of ultra rich enjoy a disproportionate share of wealth
and income. Not only that, their share in the total income of the country has
been increasing.
(ii) Those at the bottom of the society have very little
to depend upon. Their incomes have been declining.
(hi) 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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