7 Dec 2021
Problem 1
Page 376
Section SELF: CHECK QUESTIONS
Chapter 15: Poverty and Economic Inequality Figure
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7 Dec 2021
Introduction
Income is influenced by demand and supply in labour markets which can often lead to disparities in income that is result in income which is very high for some and very low for others. Poverty refers to a concept linked with people who are unable to fulfill their basic needs.
Income inequality talks about disparities in income , between people with higher and lower incomes.
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