1. Income Distribution in America
The American Dream is believed to be blind to race, sex, or socio-economic status and at a first glance, seems to be almost Utopian. ... People who have much wealth occupy the top classes of society and enjoy the most privileges as brought on by their wealth and social status. ... Smith's suggested that free trade is the only way that helps a country to maintain stable economic growth. ... In his opinion, a labor-wage war will break down the society and lead to the collapse of the economic arrangement. ... He also argued for a systemic understanding of socio economic change, and that the ...
- Word Count: 1440
- Approx Pages: 6
- Has Bibliography
- Grade Level: High School