In economics, the Kuznets curve () is a hypothesized relationship between income and inequality proposed by economist Simon Kuznets in the 1950s and 1960s, who argued that as an economy develops, market forces first increase and then decrease economic inequality. The hypothesis remains highly contested by economists, with no consensus regarding its validity.
In economics, the Kuznets curve () is a hypothesized relationship between income and inequality proposed by economist Simon Kuznets in the 1950s and 1960s, who argued that as an economy develops, market forces first increase and then decrease economic inequality. The hypothesis remains highly contested by economists, with no consensus regarding its validity.
Source: Wikipedia "Kuznets curve" · CC BY-SA 4.0
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