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This powerpoint is purposefully made for AS Level Economics using the most recent Cambridge syllabus.

It fully covers - 3.3 Addressing income and wealth inequality

3.3.1 difference between income as a flow concept and wealth as a stock concept

3.3.2 measuring income and wealth inequality:
• Gini coefficient (calculation not required)

3.3.3 economic reasons for inequality of income and wealth

3.3.4 policies to redistribute income and wealth:
• minimum wage
• transfer payments
• progressive income taxes, inheritance and capital taxes
• state provision of essential goods and services