Economics Income Inequality Questions
The role of government in addressing income inequality is to implement policies and measures that aim to reduce the gap between the rich and the poor. This can be done through various means such as progressive taxation, minimum wage laws, social welfare programs, and education and training initiatives. Additionally, the government can also regulate and monitor industries to ensure fair competition and prevent monopolies, which can contribute to income inequality. Overall, the government plays a crucial role in creating a more equitable distribution of income and opportunities within society.