How can profit motive lead to income inequality, Macroeconomics

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How can profit motive lead to income inequality

Problem

I. (i) What are some of the dimensions of economic inequality and what is considered income?

(ii) Explain three methods of measuring income inequality of a nation.

II. Compare the method used by the United Nations to measure of global poverty, to the method used to measure U.S poverty rate.

III. How can profit motive lead to income inequality?

IV. How does profit motive affect innovation and economic productivity?

V. Describe some of the basic components of the evolution of capitalism.

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Macroeconomics: How can profit motive lead to income inequality

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