critics of the wealth gap might argue that economic growth will likely decline over time. buying power…
critics of the wealth gap might argue that economic growth will likely decline over time. buying power exceeds the supply from producers. the upper classes cannot help create new jobs. the wealthy become unable to make investments.
Answer
Brief Explanations:
Critics of the wealth - gap often worry that a large disparity can lead to long - term economic decline. The concentration of wealth can cause structural issues in the economy that impede overall growth. Buying power exceeding supply is more related to inflation in general, and the upper classes are often major job - creators. The wealthy usually have the means to make investments. So, the most likely argument of wealth - gap critics is about economic growth decline.
Answer:
economic growth will likely decline over time.