The traditional economic view posits a tradeoff where society must accept a high degree of inequality to achieve a high level of economic output, or accept a lower level of economic output to achieve a high level of equality due to reduced production incentives.

Authors

• Person: Not available Organization: University of Hawaii
  14.5 Government Policies to Reduce Income Inequality

Sources

• 14.5 Government Policies to Reduce Income Inequality pressbooks-dev.oer.hawaii.edu University of Hawaii via serper

Referenced by nodes (1)

• economic output concept