Discuss How a Government Can Become Irrelevant to the Economic

question 33

Essay

Discuss how a government can become irrelevant to the economic processes of its own country.

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Definitions:

Wealth Gap

The unequal distribution of assets across a population.

Inherited Properties

Attributes, possessions, or genetic traits transmitted from parents to their offspring through genes or by legal means after death.

Federal Minimum Wage

The lowest hourly wage that employers can legally pay their workers as mandated by the U.S. federal government.

Redlining

Discriminatory practice by banks or other financial institutions of denying or limiting financial services to certain neighborhoods based on racial or ethnic composition.