Economists use the word equality to describe a situation in which

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Chasity Carson

Social Studies

26 November, 01:01

Economists use the word equality to describe a situation in which

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Jair Sweeney · Answer 1

This term equality is used to describe the situation in which each individual is having the same level of income. If all the individuals are having same level of income then they will be able to have same purchasing power and also there will be no disparity on the basis of power that comes as the result of inequality existing in the society.