‘In his 2013 treatise Capital in the Twenty-First Century, Thomas Piketty argues that when the rate of return on capital, rrr, consistently exceeds the rate of economic growth, ggg, wealth inherits and accumulates faster than labor income can grow, inevitably leading to extreme concentrations of wealth.’
Explain the economic and structural factors that drive inequalities in the distribution of income and wealth in a developed economy such as the UK.
76 exam-style questions on AQA A Level Economics 1.7 The distribution of income and wealth: poverty and inequality (A-level only), covering 1.7.1 The distribution of income and wealth, 1.7.2 The problem of poverty, and 1.7.3 Government policies to alleviate poverty and to influence the distribution of income and wealth. Each one has a worked solution and a mark scheme showing where the marks go.