Question

Discuss the reasons of inequality in development.​

Answer 1

Answer:

Causes of Inequalities:

There are several causes which give rise to inequality of incomes in an economy:

(i) Inheritance:

(ii) System of Private Property:

(iii) Differences in Natural Qualities:

(iv) Differences in Acquired Talent:

(v) Family Influence:

(vi) Luck and Opportunity: