Inequality in the distribution of income and assets leads to poverty. Explain.
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Answered by
2
Answer:
Markets may result in a very wide distribution of income, such that some individuals may receive no income at all.
Incomes are earned in a market when individuals sell or hire out their factor of production to others.
Factor incomes include:
Wages
Rents
Interest
Profits
However, these incomes can vary considerably, and some individuals cannot earn even a moderate income. In a free market it may be difficult for some individuals to earn an income at all, leaving them unable to buy goods and services.
Answered by
25
Answer:
yes conial rules and income inequalities are the cause of poverty as the british brought cotton from india in low price and sold them in england at high prices and doctrine of lapse is also an example
Explanation:
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