20 Economic Inequality

Photo shows a homeless elderly woman and a few young men in executive formal attire standing in front of office buildings on the road side.

Who are the rich and the poor?

Chapter Checklist

When you have completed your study of this chapter, you will be able to

  1. 1 Describe the economic inequality in the United States.

  2. 2 Explain how economic inequality arises.

  3. 3 Explain how governments redistribute income and describe the effects of redistribution on economic inequality.

MyEconLab Big Picture Video

Get Foundations of Economics, 8th Edition now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.

Start your free trial