ECO 365 Week 4 participation Principles of Microeconomics, Ch. 20: Income Inequality and Poverty

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ECO 365 Week 4 participation Principles of Microeconomics, Ch. 20: Income Inequality and Poverty
ECO 365 Week 4 participation Principles of Microeconomics, Ch. 20: Income Inequality and Poverty
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ECO 365 Week 4 participation Principles of Microeconomics, Ch. 20: Income Inequality and Poverty

Read Ch. 20 of Principles of Microeconomics:

  • 20-2 The Political Philosophy of Redistributing Income, pp. 421-424

  • 20-3 Policies to Reduce Poverty, pp. 424-428

Consider the following as you read:

  1. Understand the factors that determine wages which are largely responsible for determining how the economy’s total income is distributed among the various members of society.

  2. Understand distribution of income.