why inequality good Flashcards

1
Q

KAA 1

A

K - gives people incentive to work hard
An - If there was no inequality people would not strive to work harder
Ap -

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2
Q

eval 1

A

Low pay may disincentive employment if they can get unemployment benefits

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3
Q

KAA 2

A

K - competition
An - firms strive to be better to achieve more profit resulting in innovation and more efficient techniques
Ap -

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4
Q

eval 2

A

If inequality is too great however, there is the risk of crime increasing and impacting a country

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