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From course:

Economics A Level (DONEEEEEEE)

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Question:

How can Market Failure lead to Inequality in Wealth and Income?

Author: eric_galvao



Answer:

-Free Market has led to an Unfair Distribution of Income and Wealth - Capitalism [This is because Entrepreneurs can Thrive with little Government Intervention meaning creating Inequality] -This is a Normative Statement as Ultimately its the Person's Views on if Inequality is just Meant to Happen, of if its Disgusting that it Happens [Value Judgement]


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