Question

"Inequalities in income and wealth result in wide differences in the standard of living".

Justify this statement.​

Answer 1

Answer:

First every inequality in the treatment or position in individuals including inequality in income and wealth requires understanding and justification, because we are all fundamentally the same . That dose not me we should all have the same incomes because our effort and luck may vary, but we need to think about reasons for any and every inequality.