Question

Income Inequality, Poverty, and Discrimination affect the economy. Discuss their impact on the economy and what should be done by the government - if anything. Welfare could also include the bailing out of banks and big business. Also, remember that when discussing the economy - efficiency must be addressed.

Answer 1

Answer&Explanation: income inequality ,poverty and discrimination result to people not contributing in the same way towards the economy of the country and this result to imbalance in the economy when you find that eventhough the state has a certain number of population but the contribution to the advancement of the economy is less due to these factors (income inequality,poverty and discrimination)

The government can actual encourage and promote income equality through equal distribution of opportunities,eliminate discriminatory practices and enhance means of taking people out of poverty by supplying them with means to actual upgrade themselves and become self sufficient, through policies that encourage these aspects and redistribution of income. To ensure the effeciency of this process a follow up e these implements need to be consistent and constant.