Income inequality

Card Set Information

Author:
momentomori
ID:
97895
Filename:
Income inequality
Updated:
2011-08-22 07:53:22
Tags:
Economics
Folders:

Description:
Income inequality
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user momentomori on FreezingBlue Flashcards. What would you like to do?


  1. Causes of income inequality
    • Unequal factor endownment
    • Differences in factors prices between and within factors
    • Inequality of wealth
    • -Inheritance
    • -Different saving habits
    • -Entrepreneurial talent and risk aversion
  2. Factors of demand of labour
    • Productivity of labour
    • Demand of final good
    • Price of other factors of production
  3. Factors of supply of labour
    • Number of qualifies people available
    • Working condition, non-wage benefits
    • Barrier to entry
    • -Natural BTE
    • -Artificial BTE

What would you like to do?

Home > Flashcards > Print Preview