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Inequality Essay

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Discuss the consequences for Australia of an unequal distribution of income and wealth and the policies that can be used to address this issue

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Inequality Essay
Topics this document covers:
Law Labor Business Human Interest Social Issues Economics Statistics Health Welfare economics Income Socioeconomics Distribution Progressive tax Economic inequality Income distribution Distribution of wealth Gini coefficient Lorenz curve
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Topics this document covers:
Law Labor Business Human Interest Social Issues Economics Statistics Health Welfare economics Income Socioeconomics Distribution Progressive tax Economic inequality Income distribution Distribution of wealth Gini coefficient Lorenz curve
Sample Text:
. Income refers to the amount of money, or other benefits measured in money terms, which flow to individuals or households, usually in return for their contribution to the production process or as a direct payment from the government over a period of time. Wealth, however, is defined as the value of the stock of assets held by individuals at a point in tome. Inequality results in several economic costs and benefits as well as longer lasting social consequences. While little has been done to reduce income inequality in Australia over the past decade, the government employs policy initiatives to address this issue. Income inequality ...
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