_____ occurs when the middle class shrinks, resulting in highly concentrated wealth amongst the rich and a large number of poor people with very few resources.
A)Communism
B)Socialism
C)Bimodal wealth distribution
D)A two-class social structure
E)Laissez-faire capitalism

Question

Quizplus · Accepted Answer

Bimodal wealth distribution occurs when there are two distinct groups of people with vastly different levels of wealth, resulting in a large gap between the rich and poor. This can happen when the middle class shrinks and there are fewer people in the middle-income range. This is different from socialism, communism, laissez-faire capitalism, and a two-class social structure, which all have different ways of organizing wealth and resources.

_____ Occurs When the Middle Class Shrinks, Resulting in Highly