6. Should a nations income be distributed to its members according to their contributions to the production

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6. Should a nation’s income be distributed to its members according to their contributions to the production of that total income or according to the members’ needs?

Should society attempt to equalize income or economic opportunities? Are the issues of equity and equality in the distribution of income synonymous? To what degree, if any, is income inequality equitable? LO4

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Essentials Of Economics

ISBN: 9780077502140

3rd Edition

Authors: Stanley Brue, Campbell McConnell, Sean Flynn

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