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Who is more likely to be sympathetic with the idea of reducing disparities of income in society?
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∙ 7y ago
Utilitarians
Myra Hodkiewicz
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What is the contribution of entrepreneurship to the society?
Creation of employment opportunities Facilitates economic development Source of income
If an economic society of five people received additional income of one dollar the effect would be an increase of how much?
im gessing it would be 10 dollars in income
What is expansionary policies?
Expansionary fiscal policy is an increase in government spending or a reducing in net taxes which increase aggregate output/income (Y). +G or -T = +Y
What is economic development?
Economic development is the institutional changes made to promote economic betterment. It is the social organizational changes made to promote growth in an economy. It is also the process of improving the quality of human life through increasing per capita income, reducing poverty, and enhancing individual economic opportunities. In other words, the process of improving the quality of human life through increasing per capita income, reducing poverty, and enhancing individual economic opportunities is called economic development.
Why has our economic growth not yielded fuller satisfaction?
1.There are wide disparities in the income distribution and the benefits of economic growth hasn't reached everyone. 2. The agricultural sector is going through structural changes and is loosing importance and therefore since many of the rural and poor people are in agriculture, they tend to be adversely effected. 3.The development process hasn't come around all over. 4. There is still wide spread un-employment. 5. With growth there is usually inflation and inflation reduces the real income levels of the economy. 6. The environment is effected. 7. The poor do not have any representatives to influence the economic polices and bring about the changes needed by them. 8.There is stll wide spread disparities in literacy, health care and life expectancy.
Who is more likely to be sympathetic with the idea of reducing the disparities of income in society?
Utilitarians
Which type of tax helps in reducing disparities of income?
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Which types of tax helps in reducing disparities of income?
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What are the two sources of conflict in society?
Two major sources of conflict in society are economic disparities, such as differences in wealth and income, and social inequalities, such as discrimination based on race, gender, or other characteristics. These factors can lead to tensions, competition, and power struggles within a society.
What has the author Uma Ramakrishnan written?
Uma Ramakrishnan has written: 'Regional economic disparities in Australia' -- subject(s): Regional disparities, Income, Wages, Unemployment, Labor supply
What is uneven distribution of income?
Uneven distribution of income refers to a situation where wealth and income are concentrated in the hands of a small portion of the population, leading to disparities between the rich and poor. This can result in social and economic inequalities, affecting access to resources and opportunities within a society. Governments often implement policies to address income inequality and promote greater equity.
An exclusion affects a person's taxes by?
reducing the amount of taxable income.
Why would reducing taxes help during a recession?
Reducing taxes means people will have more money, and therefore a larger disposable income. If you were to have a larger disposable income your more lkely to buy luxuries consequently putting money in the economy
What has the author John E Davidian written?
John E. Davidian has written: 'Reducing personal income taxes' -- subject(s): Income tax deductions
What do you think might be sacrifice in the economy of Marx in order to achieve more equality?
In Marx's economy, there may be a need to sacrifice individual wealth accumulation and the profit motive in order to achieve greater equality. This could involve redistributing wealth and resources more equitably among the population, reducing income disparities, and focusing on meeting the needs of all individuals rather than prioritizing private ownership and profit.
What are inherent limitation of taxation?
People will try to reduce their income in order to pay less in taxes. Since the system is based on a percentage, reducing your income means you pay less.
What are the advantages of reduction in rate of income tax on local industry?
One of the advantages would be that the lower the income tax rate the higher the paycheck for the employee, therefore reducing the need for pay increases.
