do beauty pageants are the really have any meaning in a true sense?

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beautiful and sexy teenage girls walking on the ramp. wearing designer costumes and giving a heartcatching smile. This is the picture which comes into mind when we talk about any kind of beauty pageant. girls covered with tonnes of makeup and designer dresses have become trademarks of beauty pageants world wide the ultimate cosmetic product sellers. do these beauty pageants give beauty its real value? do these carry any true admiration to beauty? question remains still unanswered are we glorifying beauty or mutilating its very desire.