Income equality is achieved when society achieves efficiency.

Question

Quizplus · Accepted Answer

Income equality refers to the equal distribution of income among all members of society, regardless of their level of personal effort or contribution to society. Achieving efficiency in society may lead to greater overall wealth, but it does not necessarily result in a more equal distribution of that wealth. In fact, in some cases, increased efficiency may even exacerbate income inequality.

Income Equality Is Achieved When Society Achieves Efficiency