What is the relationship between poverty, inequality and social welfare?

Q: Use quintiles to briefly summarize the degree of income inequality in the United States. How and to…

A: In 2016, the lowest quintiles’ average market income in the United States was $15,600 and for the…

Q: both Thomas malthus and David Ricardo, who described the "iron law of wages," linked poverty to?

A: Iron law of wages was given in 1817 by David Ricardo.

Q: What is the solution to the income disparity between affluent and poor?

A: Income disparity is such a condition which shows amount of total income that is unevenly distributed…

Q: what are the plans to eliminate poverty? explain.

A: Poverty is an economic state in which people face scarcity or a lack of essential commodities that…

Q: What is the difference between an absolute and a relative poverty threshold?

A: There are some sections of an economy that are deprived of the basic necessities of life due to a…

Q: Define the term Concentrated poverty?

A: Absolute and Relative Poverty: The absolute poverty refers to poverty when the income of a person is…

Q: What types of poverty policies have proved effective?

A: Definition: Poverty is a state or condition wherein an individual comes up short on the finances and…

Q: How does poverty arise?

A: Poverty is about not having enough resources to meet basic requirements of living including…

Q: Do you think that minimum wage laws affect overall poverty?

A: In an economy, often times the government enacts minimum wage laws in order to prevent the wages…

Q: Explain the feminization of poverty?

A: Poverty refers to the state in which an individual lacks the income and basic facilities for the…

Q: Although it is hard to separate the causes of poverty from the effects, there is no doubt that…

A: Economy refers to the system in which the production and consumption activities are interrelated. It…

Q: Why do most modern societies try to reduce poverty? What is the most effective way to reduce poverty…

A: Poverty refers to the condition of living or living standard where one does not have the basic…

Q: How to define economic welfare?

A: The answer to the question is as below :

Q: Why inequality still exist?

A: Inequality refers to the state or situation of not being equal in various aspects such as rights,…

Q: what would happen if Governments increase the level of welfare payments.

A: Welfare benefits are government implemented programs that help in increasing the standard of living…

Q: What Is Poverty?

A: Poverty is defined as lack of sufficient resources to meet basic human needs such as food, clean…

Q: Why is poverty unfair?

A: Poverty refers to the state of an individual not having enough earnings/assets for meeting his basic…

Q: . Can you do anything to reduce the number of people in the following categories? If so, what?

A: Frictional unemployment defines the number of people unemployed as a result of dropping from one job…

Q: If the poverty guideline for a family of four is $25,750, what is the most that a household can earn…

A:

Q: How does inequality affect the poor?

A: Generally, the term ‘Inequality’ means the difference between income and wealth within a society.…

Q: Why is there so much wealth inequality?

A: Wealth refers to the assets held by a person which includes property and financial assets. Wealth…

Q: Is progress being made in the fight against poverty?

A: Poverty is a state or situation in which a person or a community does not possess enough financial…

Q: When was (is) someone more likely to be born into poverty? Today or in the past?

A: Poverty is a social-evil that forces the economy to stay inside the realm of poverty making it…

Q: what do you mean culture of poverty ?

A: With the grow of the economy, employment & economic growth also increases(↑). The higher income…

Q: What are the determinants of social class?

A: Following are the main determinant of social class :- 1. Wealth and income - Social respect is…

Q: Comment on or explain: Equality is a “superior good”; the richer we become, the more of it we can…

A: Equality is the situation in which the economy treats everyone equally and provides equal status in…

Q: What is absolute poverty?

A: ‘Absolute Poverty’ means poverty defined on a universal basis without reference to the income of…

Q: What percentage of families in the United States is classified as poor? Which demographic groups…

A: Poverty refers to the situation in which a family lacks the resources to meet basic needs such as…

Q: Does inequality necessarily suggest unfairness? Explain.

A: Inequality is not beneficial to society,but it may not harm society also. Some theories suggests…

Q: Why would income inequality be as damaging as poverty?  Explain each concept.

A: Income inequality refers to the unequal distribution of income among the population. This implies…

Q: How is the poverty rate calculated? What is the poverty line?

A: The poverty line refers to the number of people below a certain level of income. It states the…

Q: A mother who does not work receives $18,000 in welfare benefits from the government. Suppose that…

A: The poverty trap refers to the situation when it is not possible for the poor population to come out…

Q: What is inequality

A:

Q: List three policies that can affect the level of economic inequality.

A: In the set of development instruments of a country, the economic inequality is always kept on the…

Q: What are the possible ways that the government should act to eradicate poverty?

A: Poverty refers to a state where people lack money and do not have the means to satisfy their basic…

Q: Explain the impact of education on poverty.

A: Poverty Poverty refers to that state or condition where a person or community is unable to fulfill…

Q: Describe the vicious cycle of poverty. What are the consequences of this cycle?

A: Poverty- It is the condition of being extremely poor.

Q: How does education affect income inequality?

A: In economics, income inequality is defined as a significant disparity in the distribution of income…