Meaning of causes of inequality of income briefly explain
Answers
Answered by
0
Causes of Inequalities:
There are several causes which give rise to inequality of incomes in an economy:
(i) Inheritance:
Some persons are born with a silver spoon. Rich inheritance gives them a start in life and if they are reasonably prudent, they keep up the lead. Some persons are born landless; others inherit a few acres and still others thousands of acres. Parents of some persons die penniless or still worse die under debt passing the burden of debt on to their children, while others leave huge cash balances for the benefit of their heirs. So long as the system of inheritance lasts, inequalities are bound to be perpetuated.
There are several causes which give rise to inequality of incomes in an economy:
(i) Inheritance:
Some persons are born with a silver spoon. Rich inheritance gives them a start in life and if they are reasonably prudent, they keep up the lead. Some persons are born landless; others inherit a few acres and still others thousands of acres. Parents of some persons die penniless or still worse die under debt passing the burden of debt on to their children, while others leave huge cash balances for the benefit of their heirs. So long as the system of inheritance lasts, inequalities are bound to be perpetuated.
Similar questions