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Write the advantages and disadvantages of social inequality.

Write The Advantages And Disadvantages Of Social Inequality class=

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Answer:

Advantages

1. Icentive Effect

2. Entrepreneurs require rewards.

3. Trickle down effect

4. Fairness

5. Capitalism

Disadvantages

1. Inequality arising from monopoly power

2. Inequality arising from monopsony power

3. Diminishing marginal utility of income

4. Social Problems

5. Unemployment

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