Inequality Flashcards
1
Q
cycle of poverty
A
low income- low savings/taxation- low investment - low income
2
Q
why cycle of income
A
- lack of education
- unequal distribution of income
- inefficient taxation
- religion
- corruption
- lack of infrastructure
3
Q
results of cycle of income
A
- dept
- primary product dependency
- adverse terms of trade
- narrow range of exports
- indebtedness
- capitol flight
