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  3. 4. evaluate: income should be redistributed from t

4. Evaluate: Income should be redistributed from the rich to the poor because the marginal utility...

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Economics

4. Evaluate: Income should be redistributed from the rich to thepoor because the marginal utility of income is lower to theformer.

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Scarcity is the reason for the difference between the rich and the poor in society and this difference is termed as the Income Gap or Income Inequality The purpose of Income Redistribution is to solve or at least minimize the gap between    See Answer
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