Excessive income inequality can hurt the economy in the following ways:
Government policies and programs, such as benefit programs and the progressive income tax, reduce income inequality.
Economy
The importance of national income in the economy is absolutely huge. This determines whether or not there is money that can be spent.
products and income that are not reported as income to the government
Because output generates income.
no
If people can get paid more for working more or working harder, then some people will do so, improving the overall productivity of an economy. It encourages people to take risks to expand businesses.
The South's main income was from cotton exported internationaly.
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Income inequality
The Gini coefficient is a measure of income inequality within a population, with a value of 0 indicating perfect equality and 1 indicating perfect inequality. It is commonly used by economists and policymakers to understand the distribution of income or wealth within a country. A higher Gini coefficient suggests a more unequal distribution of income.
i have no clue.......:P
Government policies and programs, such as benefit programs and the progressive income tax, reduce income inequality.
Why did a slowdown in railroad construction hurt the economy
What is meant by income inequality? Distinguish between personal and functional distribution of income.
Corruption, wealth inequality, illiteracy.
the Lorenz curve