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From course:

Economics A Level

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Question:

What are the Negative Effects of an Unequal Distribution of Income and Wealth?

Author: go kys



Answer:

-Absolute and Relative Poverty Remains High -Restricts Economic Growth and Wastes the Talents of the Poorest due to them having lack of Money to start Firms -As Incomes Rise, Spending on Imports does too. The money thus leaves the Circular Flow -Social Impacts too: Inequality usually leads to Poorer Health and Higher Crime. Well Being overall falls


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go kys
go kys