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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Answer:
A producer who has a <u>"comparative advantage"</u> experiences less cost when producing that good when compared with another producer.
Explanation:
When a producer is able to produce goods at a lower opportunity cost than the cost of other producers or partners of trade, than the term which is used in economics for this is comparative advantage. When you sell goods at lower cost than the others, it’s obvious that you will get stronger sale margins because everyone will buy your products.
They will be sure whether or not it is safe to go out to sea or stay in shelter.
Answer:
they build houses to live in
they farm to have food
they build dams for water to drink
Explanation:
Answer:
Prison clothes are orange because it makes it harder for inmates to escape and remain inconspicuous. if they're orange, they're a lot easier to spot and a lot harder to lose track of. It also makes it really obvious to other people if they do escape, and it allows them to be more easily recaptured.
