Income distribution

Introduction Economics have long sought to understand the links between economic growth and income distribution. According to Kuznets' hypothesis: A country's income distribution would first widen, then stabilise, and finally narrow with the economy development. However, if the necessary result of the economy development is the income distribution's worsening, what's the value of the growth? It is meaningless for most people become poorer and only a small number of rich people become richer as a …

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