A Critical Analysis of The Impact of Income Disparity on Economic Growth

Abstract

Income inequality has been a significant issue in most economies around the world. While some argue that income inequality promotes economic growth, others argue that it hinders growth. This paper critically analyzes the impact of income inequality on economic growth. It reviews the theoretical literature, empirical studies, and case studies on the relationship between income inequality and economic growth. The paper recommends that policymakers should implement policies that promote a more equitable distribution of income to enhance economic growth.