Ask Question
Social StudiesSocial Studies
25 September, 01:28

Economists use the word equality to describe a situation in which

+3
Answers (1)
  1. 25 September, 04:16
    0
    This term equality is used to describe the situation in which each individual is having the same level of income. If all the individuals are having same level of income then they will be able to have same purchasing power and also there will be no disparity on the basis of power that comes as the result of inequality existing in the society.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Economists use the word equality to describe a situation in which ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following groups was NOT one of Southern Africa's early settlers? a. Issa b. Bantu c. Shona d. Khoisan
Answers (1)
What was the main reason the Founding Fathers insisted on a democracy for the United States? A. There was no royal family so they had no choice but democracy. B. They had studied democracy in school and liked the idea. C.
Answers (2)
Which statement describes the Australian, or secret, ballot? A. It is transcribed by an election official. B. It is translated from other languages C. It is cast in an open meeting D. It is cast in private and is free from outside influence
Answers (1)
About how many tons of goods were exported to Ireland in 1754?
Answers (2)
Dave has a shoe phobia. it has gotten so bad that he can't go to work because he works construction and his boss will not allow him to come to work barefoot. dave consults with phil the behavior therapist.
Answers (1)
New Questions in Social Studies
What are the six characteristics of culture?
Answers (1)
What regions of America did the Spanish win during the French and Indian war
Answers (1)
Contractionary monetary policy occurs when: a. a central bank acts to decrease the money supply in an effort to control an economy that is expanding too quickly. b. Congress and the president decrease taxes in an effort to stimulate the economy. c.
Answers (1)
What's the definition of rule of occupation?
Answers (1)
What was a metic in Athenian society? a farmworker a military leader a free noncitizen a wealthy citizen
Answers (1)
Home » Social Studies » Economists use the word equality to describe a situation in which
Sign Up Forgot Password?