Economics · Kuznets Curve
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: The Kuznets Curve establishes that economic development drives a continuous and linear decline in income inequality right from the onset of early industrialization. Reason R: Income inequality initially rises during early development due to structural dualism as labour shifts from low-productivity agriculture to high-productivity industry, and subsequently declines only after reaching a threshold per capita income. In the light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are correct and R is the correct explanation of A
- 2Both A and R are correct but R is NOT the correct explanation of A
- 3A is correct but R is not correct
- 4A is not correct but R is correct✓
Correct answer
A is not correct but R is correct
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