Economics question

In canada How superstore , insta cart, in app shopping all price in crease when social assistance, pension, child tax are all issued so the indigenous people that are under poverty level are marginalized and don’t have access to proper services. What can be done to change this,? Hlwhat effects it has?

find the cost of your paper

Sample Answer

Social assistance, pension, and child tax benefits play a vital role in supporting low-income individuals and families, including many Indigenous people in Canada. However, the observation that prices tend to increase around the time these benefits are issued is concerning and suggests potential predatory pricing practices that disproportionately impact vulnerable populations.

To address this issue, several steps could be taken:

  1. Monitor pricing patterns: Implement a system to monitor and track price fluctuations, particularly around the time of benefit payouts. This could involve collecting data from retailers and comparing prices across different stores and online platforms.

Full Answer Section

  1. Enforce fair pricing regulations: Strengthen existing fair pricing regulations and enforce them more effectively. This could include prohibiting price gouging, ensuring accurate price displays, and educating consumers about their rights.

  2. Promote price transparency: Encourage price transparency by requiring clear and consistent price labeling, both in-store and online. This would make it easier for consumers to compare prices and make informed purchasing decisions.

  3. Support community-based initiatives: Support community-based initiatives that provide affordable access to essential goods and services, such as food co-ops, community gardens, and skill-sharing workshops.

  4. Address underlying socio-economic factors: Tackle the underlying socio-economic factors contributing to poverty, such as lack of affordable housing, limited employment opportunities, and inadequate access to education and healthcare.

  5. Engage with Indigenous communities: Collaborate with Indigenous communities to understand their specific needs and perspectives on this issue. Their insights can inform effective and culturally sensitive solutions.

  6. Raise public awareness: Raise public awareness about the issue of predatory pricing and its impact on vulnerable populations. This could involve public education campaigns, media outreach, and community engagement initiatives.

  7. Empower consumers: Equip consumers with the knowledge and tools to make informed purchasing decisions and protect themselves from unfair pricing practices.

  8. Advocate for policy changes: Advocate for policy changes that address predatory pricing practices at the provincial and federal levels. This could include stronger consumer protection laws, stricter enforcement mechanisms, and increased penalties for non-compliance.

  9. Support Indigenous economic development: Invest in initiatives that promote economic development and self-sufficiency within Indigenous communities. This could involve supporting Indigenous-owned businesses, providing access to capital, and fostering skills training opportunities.

By implementing a comprehensive approach that addresses both the immediate symptoms and underlying causes of predatory pricing, we can work towards a more equitable and just society where everyone has access to affordable and essential goods and services.

This question has been answered.

Get Answer