Economics · Welfare Economics and Globalization
When market-driven globalization is accompanied by inadequate social safety nets, which major economic phenomenon directly moves a country further away from the state of maximum social welfare distribution?
- 1Decentralization of administrative governance units
- 2Widening economic and wealth inequality✓
- 3Rapid advancement in agricultural mechanization
- 4Universal expansion of primary literacy
Correct answer
Widening economic and wealth inequality
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