4.2

Question 1

Causes poverty

Answer 1

Unemployment
Lack skills
Health issues
Income dependency
Inheritance

Question 2

Causes changing poverty

Answer 2

State support
Gov spending / taxation
Horizontal equity
Vertical equity
High salaries = higher income growth

Question 3

Uk poverty

Answer 3

Inequality wages growing
De-industrialisation - service sector job increases
Growth underemployment
Poverty growing

Question 4

Finish coefficient

Answer 4

A / A+B

Question 5

Kuznets hypothesis

Answer 5

As society develops movement agriculture = industry inequality increases
( industrial workers wages increase faster than farmers )

Wealth redistributed thru tax + gov spending = fall

Question 7

Piketty argues

Answer 7

Inequality increases as country develops as rate of return increase so rich get richer

Question 8

Signifance capitalist economy

Answer 8

Income inequality
Wage differentials

Individuals own resources = differ wealth

Argues equality never achieved
Inequality = essential for capitalism