Question

The reason and impact of income inequality

Answer 1

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Causes and Consequences of Income Inequality: A Global Perspective

More Information:

• 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.

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Answer 2

Answer:

REASONS:

1)inequalities in Land ownership

2)inequalities in professional training

3)inflation and rise in price

4)role of government

5)inequality in credit facilities

IMPACTS:

1)social mobility

2)low education