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Q: Did the concentration of wealth decreased substantially in the last two decades?
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Accordimg to historians substantial wealth became concentrated in the hands of fewer people during the late 1800s Which of the following is poften givin as a cause for this concentration of wealth?

Growth of big business is given as a cause for the concentration of wealth in the 1800s.


How was it back in the 1800s?

Like our world with half the wealth concentration and a fourth of the technology and ten times the slavery.


Why is Brazil an unequal society?

As in all socidades global concentration of wealth in one sector and another not provide by market


What is the cause concentration of wealth?

The concentration of wealth can be caused by factors such as unequal distribution of resources, limited access to education and economic opportunities, systemic inequalities, and policies that favor the wealthy. It can also be influenced by factors like inheritance, globalization, technological advancements, and financial market fluctuations.


What is stratification of wealth?

Stratification of wealth refers to the unequal distribution of assets, resources, and income among individuals or groups within a society. This can lead to the concentration of wealth and power in the hands of a few, while others may experience financial hardship or limited opportunities. Social stratification based on wealth can contribute to societal inequalities and disparities.


What did Carnegie see as the problem during the time he was writing the Gospel of wealth?

Carnegie saw the problem of increasing wealth inequality and believed that the concentration of wealth in the hands of a few could lead to social unrest and destabilize society. He was concerned about the responsibilities of the wealthy elite to use their wealth for the greater good and address social issues through philanthropy.


What was often given as a cause for this concentration of wealth?

Wealth does not concentrate, but polarize. Wealth attracts wealth. Suppose a rich man opens a bank. We will deposit with him thinking that he won't eat into our deposit. We will not trust our money with a poor man even if he is notoriously famous for righteousness, truthfulness and honesty. This is the simple philosophy behind the accumulation and polarization of wealth in some quarters and for its total absence in some other quarters.


How is wealth distributed in America?

Wealth in America is generally distributed unevenly, with a small percentage of the population holding a majority of the wealth. The wealthiest 1% of Americans hold about 40% of the country's wealth, while the bottom 90% hold about 23% of the wealth. This disparity has been widening over the past few decades.


Most Latin American countries do not have large upper and classes.?

middle


What percentage of the total available wealth did the richest 20 percent of people in the US own in 2002?

In 2002, the richest 20 percent of people in the US owned about 84 percent of the total available wealth. This high level of wealth concentration is indicative of significant income inequality in the country.


Ten major problem of economics of the Philippines?

The main problems of the society are the political dynasty, unequal distribution of wealth and concentration of power, land, capital, and information as well.


Does shareholder wealth maximization benefit society as a whole?

Of course yes, if organization assum objectives of shareholders wealth maximization, it will struggle for profit maximization which will lead to more operations. operations of business needs employees, which will be hired from the society and the unemployment rate will decreased, on the other hand the organization will survive in long run and would meet the demands of the society as whole.... Haleem Graduate school of business University of gothenburg Sweden