Distribution of Wealth

Distribution of Wealth One major source of the inequality of income is inequality of ownership of wealth. which is the net ownership of financial claims and tangible property. Those who are fabulously wealthy-whether because of inheritance, skill, or luck-enjoy...

A. THE SOURCES OF INEQUALITY

 A. THE SOURCES OF INEQUALITY Statistics show that in 1998 the median income of American families was $38.885-this means that half of all families received less than this figure while half received more. This number concerns the distribution of income, which shows the...

THE COSTS OF REDISTRIBUTION

One of the goals of a modem mixed economy is to provide a safety net for those who are temporarily permanently unable to provide adequate incomes – for .themselves. One reason for these policies is to promote greater equality. what are the different concepts of...