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What are some negative consequences of income inequality? Select all that apply from the following list:
The rich get taxed more.
There is an increase in conflict.
There is a decrease in trust among people.
There is not enough money for everyone.
There is an increase in the prices of products.

Sagot :

There is an increase in the prices of products

Some negative consequences of income inequality is Option(B) There is an increase in conflict , Option(D) There is not enough money for everyone and Option(E) There is an increase in the prices of products.

What is income inequality ?

Income inequality is defined as the anomaly in the distribution of pay to the several higher and lower class of workers by any organization. There are wide varieties of economic inequality, most notably income inequality measured using the distribution of income and wealth inequality measured using the distribution of wealth.

What are some negative consequences of income inequality?

The negative consequences of Income inequality are -

  • There is an increase in conflict and riots in several parts of the country as the lower-middle class of people demand to have a greater income as compared to the upper economic class.
  • There is also not sufficient amount of money for the several class of people in the economic cycle.
  • The most important cause is the rise in the prices of various products. Due to income inequality, the common person are suffering as they have to buy a product with increased price.

Thus, some negative consequences of income inequality is Option(B) There is an increase in conflict , Option(D) There is not enough money for everyone and Option(E) There is an increase in the prices of products.

To learn more about  income inequality, refer -

https://brainly.com/question/12156045

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