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Economics

Inequality and the Distribution of Income

An Overview of Inequality and the Distribution of Income

This post will help you to enhance your understanding of inequality and the distribution of income, and how governments can intervene to reduce inequality, as part of your Prelim Economics course. Inequality exists as a result of the free market, and thus governments often intervene where possible to help disadvantaged demographics to improve their quality of life and income.

The video below looks into this concept in further detail.