The economic term equality describes a situation in which -society is getting the maximum benefits from its scarce resources -each member of society has the same income -each member of society has access to abundant quantities of goods and services -society's resources are used efficiently

The economic term equality describes a situation in which -society is getting the maximum benefits from its scarce resources -each member of society has the same income -each member of society has access to abundant quantities of goods and services -society's resources are used efficiently

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter23: Growth And Less Developed Countries

Section: Chapter Questions

Problem 4SQ

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Question

The economic term equality describes a situation in which

-society is getting the maximum benefits from its scarce resources

-each member of society has the same income

-each member of society has access to abundant quantities of goods and services

-society's resources are used efficiently

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