what are the main causes of inequality among the people
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There are several causes which give rise to inequality of incomes in an economy:
(i) Inheritance:
(ii) System of Private Property:
(iii) Differences in Natural Qualities:
(iv) Differences in Acquired Talent:
(v) Family Influence:
(vi) Luck and Opportunity:
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Explanation:
Causes of Inequalities:
- Inheritance
- System of Private Property
- Differences in Natural Qualities
- Differences in Acquired Talent
- Family Influence
- Luck and Opportunity
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