Pros and cons redistribution of wealth income economics
Cons and of pros income wealth redistribution economics.
Pros and Cons of Economic Inequality
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Pros and Cons of Inequality
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What are the advantages and disadvantages of inequality? Inequality means there is a gap between the highest income earners and the lowest income earners. On the one hand, you can argue inequality is necessary for providing incentives in a free market economy; without a degree of inequality, there would be economic stagnation and lack of enterprise.
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Economic equality ensures there is fairness in income distribution, goods, and services to all citizens. The gap between the high-income earners and the lower income earners can create inequality and this can affect the distribution of wealth among individuals.
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Poverty is one of the issues on the top global agenda. Poverty has been accepted as a multidimensional issue.
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