1
answer
244
views
1
Problem

For access to Textbook Solutions, a Class+ or Grade+ subscription is required.

Textbook Expert
Textbook ExpertVerified Tutor
7 Dec 2021

Introduction

Income is influenced by demand and supply in labour markets which can often lead to disparities in income that is result in income which is very high for some and very low for others. Poverty refers to a concept linked with people who are unable to fulfill their basic needs.

Income inequality talks about disparities in income , between people with higher and lower incomes.

Unlock all Textbook Solutions

Already have an account? Log in
Start filling in the gaps now
Log in