3 years ago

All societies face a trade-off between equality and efficiency.

Business

1 answer:

Zepler [3.9K]3 years ago

8 0

Answer:

a decrease; an increase

Explanation:

The advantages of the trade-off between equality and efficiency are few and short-term because they affect economic growth. If the government tries to give money to the poor by taking it from the rich in the form of taxes increase the equality but at the same time, it affects the efficiency level of the whole economy. As long as rich people feel that they are being overpowered they work less which decrease the GDP and low overall efficiency.

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