One Tradeoff Society Faces Is Between Efficiency and Equity

question 169

Essay

One tradeoff society faces is between efficiency and equity.Define each term.If the U.S.government redistributes income from the rich to the poor,explain how this action affects equity as well as efficiency in the economy.

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Definitions:

Collective Consciousness

is a term developed by Émile Durkheim to describe the set of shared beliefs, ideas, and moral attitudes which operate as a unifying force within society.

People's Beliefs

The various convictions or acceptances that individuals hold as true, often based on personal experiences, culture, or religion.

Social Currents

Broad, diffuse movements within society that influence collective behavior and beliefs without a formal organizational structure.

Organic Solidarity

A social cohesion based on the dependence individuals have on each other in more advanced societies, according to Durkheim.