ECONOMICS

There is growing concern about poverty and income inequality. These two concepts, however, are not the same. Income inequality deals with the percentage of income earned by the different income groups, while poverty is concerned with how difficult it is for the poor to meet basic needs. Using deontological and consequential approaches to ethics, evaluate how well free market systems versus government intervention in markets address poverty and income inequality. How people in a free market economy, acting in their own self-interest, can better those around them?