Why is wealth usually distributed more unequally than income?
A
Wealth is measured before tax, while income is measured after tax.
B
Income is received only by households with no savings.
C
Assets accumulate over time and can be inherited, concentrating wealth.
D
All households earn the same income but own different currencies.
4.2.2 Inequality Flashcards
Flashcards for Edexcel A A Level Economics 4.2.2 Inequality, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 22 cards, matched to the Edexcel A A Level Economics (9EC0) specification.