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 -
2
Q
eval 1
A
Low pay may disincentive employment if they can get unemployment benefits
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 -
4
Q
eval 2
A
If inequality is too great however, there is the risk of crime increasing and impacting a country