ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Food
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Education
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Market failure of distribution of income equally
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Unemployment
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Type of car you drive
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Detailed explanation-1: -Inequalities are not only driven and measured by income, but are determined by other factors-gender, age, origin, ethnicity, disability, sexual orientation, class, and religion. These factors determine inequalities of opportunity which continue to persist, within and between countries.
Detailed explanation-2: -Statement 2: Poverty, social discrimination and lack of resources are the key reasons why the lives of people in India are highly unequal. Q. Lack of creditworthiness and lack of are the main reasons for a small business to face financial challenges.
Detailed explanation-3: -Inequality in individual labour income among the working-age population is driven by three key factors: i) the dispersion of hourly earnings among those who have a full-time job; ii) the dispersion of hours worked; and iii) the non-employment rate.