Sign in to FlowVella

Forgot password?
Sign in with Facebook

New? Create your account

Sign up for FlowVella

Sign up with Facebook

Already have an account? Sign in now


By registering you are agreeing to our
Terms of Service

Share This Flow

Loading Flow

loading...

Downloading Image /

loading...

Downloading Image /

loading...

Downloading Image /

loading...

Downloading Image /

loading...

Downloading Image /

loading...

Downloading Image /

loading...

Income Gap

One reason for the income gap in a capitalist society is how the money is distributed to the community. Since corporations are managed by rich people that money is past down to their children making them rich and get easy access to the best schools. Giving them the best careers. Since the poor can not afford to pay for school they end up working minimum wage and never get that chance to move up in society.

In a communism society people earn by what the government sets. So the government could decide if they earn little money or a lot. In this type of economy the politicians usually get the most money and the community receives very little money. Making it hard for the people who are not politicians to live a better life.

In a socialism society there's not that big of a income gap compared to capitalism and communism. Since the community decides the needs and wants of the country it could create a free college. For example in Norway college is free to everybody despite your financial situation. This gives access to everybody to pursue their dreams without the trouble of paying for it . Giving them the chance to have higher wages.

Downloading Image /

loading...
  • 1

  • 2

  • 3

  • 4

  • 5

  • 6

  • 7

Comparative Economics

By esmeralda