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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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What indications do you see that we are or are not developing a three-tier society?
Indications that we are developing a three-tier society include widening income inequality, with a growing gap between the wealthy, middle class, and lower-income individuals. Other signs may be a concentration of power and resources among a select few, limited social mobility, and disparities in access to education and healthcare. Conversely, signs that we are not developing a three-tier society would include policies aimed at reducing inequality, investing in social programs, and promoting economic opportunities for all.
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 is was one result of the great society?
One result of the Great Society was the creation of Medicare and Medicaid, which provided health care coverage to the elderly and low-income individuals. These programs aimed to improve access to healthcare and reduce disparities in health outcomes.
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
How does rich people affect society?
Rich people can have a significant impact on society through their philanthropy, investments, and influence. They can contribute to economic growth, create jobs, and support charitable causes. However, their wealth concentration can also exacerbate income inequality and societal disparities.
Are their social classes in Germany?
Yes, Germany has social classes that are based on factors such as income, education, and occupation. Although Germany has a strong social welfare system aimed at reducing inequality, there are still disparities in wealth and social status among its population.
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.
Is socioeconomic status a demographic variable?
Yes, socioeconomic status is considered a demographic variable as it provides information about an individual's or group's economic and social standing within society. It is often used to understand disparities and access to resources based on income, education, and occupation.
An exclusion affects a person's taxes by?
reducing the amount of taxable income.
