One important result is that big and/or progressive tax and transfer systems, anti-discrimination and educational initiatives, and well-designed labour market institutions can all help to lessen income inequality.
The unequal distribution of income among a population is known as income inequality. Income disparity is higher the less evenly distributed the income is. Wealth inequality, or the unequal distribution of wealth, frequently coexists with income inequality.
Strengthening collective bargaining rights, full employment plans, living wage policies, tougher minimum wage laws, and wage subsidies are just a few of the employment-related policies available.
Through the tax and welfare systems, governments can take action to encourage equity, combat poverty, and reduce inequality. This entails implementing a progressive tax and benefit system that redistributes social benefits to people with lower earnings while collecting proportionately more tax from higher income earners.
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<span>This group of economies is of interest for a number of reasons. Firstly, they feature great diversity – Singapore has one of the highest per capita incomes in the world, while several of the mainland Southeast Asian states are among the poorest. Brunei is a tiny oil sultanate, while Indonesia is the world’s fourth largest nation. In addition, several of these economies have been consistently among the world’s most open, while others are emerging from a long period of international commercial isolation. Thirdly, the group includes one sizeable country, the Philippines, which for reasons still only poorly understood has consistently under-performed compared to its potential. Four of the economies – Indonesia, Malaysia, Singapore, Thailand – grew extremely quickly in the three decades through to the recent Asian economic crisis.</span>
<u>Answer:</u>
<em>The above statement is absolutely true. </em>
<u>Explanation:</u>
<em>Personal financial statements can be helpful in keeping the record of the expenses in different resources.</em> They also help to account for the family income and expenditures and regulate and maintain them.
Making personal financial statements can additionally help with the planning of the budget and show the indication of one’s financial conditions. <em>Keeping the record of groceries, gas, utility bills, rents, taxes, recreation expenses, etc. </em>
And determining the inflow and outflow of cash through the financial statement helps to find the net cash flow. <em>This shows if you are spending </em><em>more than you earn and can help in regulating the cash inflow and outflow and also control the budget. </em>
Answer: The Maya were native people of Mexico and Central America, while Aztec covered most of northern Mesoamerica between c. 1345 and 1521 CE, whereas Inca flourished in ancient Peru between c. 1400 and 1533 CE and extended across western South America. ... The Maya used two calendars. The Aztecs led a more brutal, warlike lifestyle, with frequent human sacrifices, whereas the Maya favoured scientific endeavours such as mapping the stars. The Inca were based much further south in the Andean region (home to modern-day Peru and Chile) and were accomplished builders.
Explanation:
