Question

Explain Impact of inequality on development.​

Answer 1

Explanation:

This work finds that countries where income inequality is decreasing grow faster than those with rising inequality. ... The single biggest impact on growth is the widening gap between the lower middle class and poor households compared to the rest of society.

Answer 2

Answer:

Effects of income inequality, researchers have found, include higher rates of health and social problems, and lower rates of social goods, a lower population-wide satisfaction and happiness and even a lower level of economic growth when human capital is neglected for high-end consumption.