University of Bridgeport Income Inequality Questions

You will need the readings under to solve some of the questions especially the videos

What are the differences between income and wealth?

What is income inequality?

According to Piketty, what is the first and second fundamental law of capitalism? Please state both laws and describe each in detail (describe in your own words and do not just copy what’s in the book so that I know that you understand them)

What are the main causes of income inequality in today’s global economy? What can be done to mitigate the forces that are behind income inequality?

Based on all the readings; what do you think were the crucial factors contributing to the lower levels of wealth and income inequality in the years 1945 to 1970?

Readings :

https://inequality.org/facts/racial-inequality/

https://www.pewresearch.org/fact-tank/2014/12/12/r…