Greater economic efficiency often leads to greater economic inequality.

Question

Quizplus · Accepted Answer

Greater economic efficiency can lead to the concentration of wealth and resources in the hands of a few individuals or companies, contributing to economic inequality. Some people benefit more than others from increased efficiency gains, such as those with higher skills, education, or access to capital. This can exacerbate income and wealth disparities within society.

Greater Economic Efficiency Often Leads to Greater Economic Inequality