economics
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ESSAY DETAILS
Words: 1197
Pages: 4
(approximately 235 words/page)
Pages: 4
(approximately 235 words/page)
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showed first 75 words of 1197 total
showed last 75 words of 1197 total
…others income. Due to this inequality it will be hard for the economy to grow. The poor will be limited to only buying necessities. The government could redistribute the incomes, by taxing the very few, extremely rich extensively. This would push more money into the circular flow. The poor could purchase goods and as a result this would become the income of others. The industry would then increase output due to the increase in demand.
…others income. Due to this inequality it will be hard for the economy to grow. The poor will be limited to only buying necessities. The government could redistribute the incomes, by taxing the very few, extremely rich extensively. This would push more money into the circular flow. The poor could purchase goods and as a result this would become the income of others. The industry would then increase output due to the increase in demand.
