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MaRussiya [10]
3 years ago
9

Why is it significant that much of the nation's wealth was owned by a small number of people?

History
1 answer:
azamat3 years ago
4 0
Which nation? I take it you mean the United States or Great Britain?
Because a few people, unless they invest their money into capital, can only buy so much. How do you justify the purchase of multi million dollar race horses. Who benefits from such a purchase?

How do you justify the purchase of a mansion with 12 bathrooms? Who needs such a place except a family of 13 children and 2 parents?

However, if they are conscientious and spend on capital and business interests, they put their wealth to work and and create jobs which helps many people.
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