18. In most cases, reducing inequality helps society as a whole (at the expense of paying certain costs). Explain why this is why it is better for society if we have less inequality of income and/or wealth.

18. In most cases, reducing inequality helps society as a whole (at the expense of paying certain costs). Explain why this is why it is better for society if we have less inequality of income and/or wealth.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter33: Income, Income Distribution, And Poverty

Section: Chapter Questions

Problem 4E

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18. In most cases, reducing inequality helps society as a whole (at the expense of
paying certain costs). Explain why this is why it is better for society if we have
less inequality of income and/or wealth.

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