According to Kuznets,in the process of development inequality in an economy will normally
A)first rise and then fall.
B)first fall and then rise.
C)remain about the same.
D)show no definite pattern.

Question

Quizplus · Accepted Answer

According to Kuznets, during the early stages of economic development, inequality tends to increase due to factors such as capital accumulation and technological change, which benefit the owners of capital and skilled labor. However, as the economy matures and education and training opportunities become more widespread, inequality begins to fall as income growth becomes more inclusive and broader-based. This phenomenon is often referred to as the "Kuznets Curve."

According to Kuznets,in the Process of Development Inequality in an Economy