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From course:

Economics A Level (DONEEEEEEE)

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Question:

Is Inequality an Inevitable Consequence of Economic Development?

Author: eric_galvao



Answer:

-Some people will always do better is what some others say. -Inequality may even be necessary for Capitalism to just Function Properly because it strives for Entrepreneurship and Innovation. -However, it depends on how a Nation develops its Economy. Going down a Path of Nationalisation, Social Welfare, redistribution may not lead to Inequality.


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