The goal of motivating risk taking and hard work

Reference no: EM131306582

1. Corruption in a government is often accompanied by inefficiency in the economy. Why should this be true?

2. The distribution of income in a capitalist economy is likely to be more unequal than it is in a socialist economy. Why is this so? Is there a tension between the goal of limiting inequality and the goal of motivating risk taking and hard work? Explain your answer in detail.

Reference no: EM131306582

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