ECONOMICS
INCOME DISTRIBUTION
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Redistributive welfare transfers
|
|
|
Progressive income, consumption and wealth taxes
|
|
|
Strengthening wage floors and employment rights in the labour market
|
|
|
Tackling structural barriers to employment
|
Detailed explanation-1: -In treatment and responsibility differences, most people can benefit more and access privileges than others. This occurs in a system where dominance is present. In working stations, some are given more responsibilities and hence better compensation and more benefits than the rest even when equally qualified.
Detailed explanation-2: -Inequality has a direct impact on growth (due to the decline in domestic demand linked to the middle classes), the concentration of wealth, the economic opportunities of populations, social cohesion, well-being, crime (due to the feeling of social injustice), political stability, etc.
Detailed explanation-3: -How does inequality affect society? Inequality affects every member of the society. Economic inequality impacts the GDP per capita. It gives rise to poorer public health and illiteracy, thus increasing crime rates, fuelling political instability, and eventually destabilising the society.
Detailed explanation-4: -Social inequality results from a society organized by hierarchies of class, race, and gender that unequally distributes access to resources and rights.