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Mention One Way by Which the Government Can Reduce the Inequalities of Income and Wealth in an Economy. - ICSE Class 10 - Economics

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Question

Mention one way by which the Government can reduce the inequalities of income and wealth in an economy.

Solution

Revenue policy is one of the two measures undertaken by the government to reduce income inequality in an economy. The progressive and proportional system of taxation helps in reducing the gap between the rich and the poor.

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APPEARS IN

 2015-2016 (March) (with solutions)
Question 1.5 | 2.00 marks
Solution Mention One Way by Which the Government Can Reduce the Inequalities of Income and Wealth in an Economy. Concept: Concept for Proportional Tax.
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