Evaluate possible economic causes of income and wealth inequalities within a country such as Brazil
Edexcel A-Level Economics 25 Mark Question
In terms of income distribution and wealth distribution Brazil is one of the most unequal countries in the world. Its income Gini coefficient is 0.449 and it is ranked number 2 in the world for its wealth inequality. Evaluate possible economic causes of income and wealth inequalities within a country such as Brazil. (June 2020)
Plan
- Paragraph 1
- Argument: one possible cause of income inequality is the system of tax and benefits
- Diagram: Lorenz curve
- Evaluation: the effect of progressive taxes on incentives to work
- Paragraph 2
- Argument: one possible cause of wealth inequality is corruption
- Analysis points: lack of property rights for farmers' land, lack of inheritance taxes, lack of investment
- Diagram:
- Evaluation: the effect of education and work, lower income inequality can lead to lower wealth inequality over time
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