write any 2 consequences of concentration of wealth in few hands
Answers
Answer: katrell ja'rell davis take it all
Explanation:
2 consequences of concentration of wealth in few hands
- In 2030 some cites the "enormous disparities of wealth, opportunity,,power" it is one of the "immense challenges".
- This would lead to dissatisfaction of happiness and lower the level of economic growth.
The main cause for this
Unemployment:
It is the major reason for lower income of the Indian people is employment problem, underemployment, and low in productivity of labour
Inflation:
Inequality is inflation.
Tax Evasion
Tax rates is high encourage for evasion ,avoidance. What is happened in India during plan period.
Regressive Tax:
Indirect taxes give maximum revenue to the government they are regressive in nature.
New Agriculture strategy:
Revolution and raised agricultural productivity. it has higher productivity enjoyed by rich farmers,landowners
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