Income Distribution and Consumer Pattern in India
After all, with the same opportunity two people can end up with different incomes, simply because one is more ambitious and hard-working than the other, and many o…In this objective, income inequality matters in very tangible ways, and insofar as economic growth increases inequality it may make many worse off. … One should ethically and socially be more interested in inequality of opportunity rather than that of outcome….India inequality of opportunity surely depends on distribution of land, of education, and social identity — … Dramatic changes in the distribution of incomes have been taking place all over the world in the late portion of the 20th century….
See original here:
Income Distribution and Consumer Pattern in India
Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically to your feed reader.
Comments
No comments yet.
Leave a comment