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Give Three Reasons Why an Equal Distribution of Income Is

question 34

Essay

Give three reasons why an equal distribution of income is not necessarily fair. Discuss each of them.


Definitions:

Quantity Supplied

The aggregate quantity of a particular good or service that sellers are prepared and able to offer at a certain price point within a given time period.

Quantity Supplied

The overall volume of a specific good or service that producers are eager and able to market at a set price over an established period.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity supplied for a given period.

Emission Standards

Regulations set by governments to limit the amount of pollutants that can be emitted into the environment by automobiles, factories, and other sources.

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