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  • 12-07-2021
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Examine Loewen's explanation of wealth vs income. Why do the poor struggle more?

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Nyctalus
Nyctalus Nyctalus
  • 13-07-2021

Answer:

As per Loewen's explanation, Income refers to the quantity of income received on a continuous basis whereas wealth refers to the period of time an individual (or household) could sustain their existing way of living without getting further pay for more work.

The reason behinds the struggle of poor is that they do not have much resources to get the chance of improving their lifestyle. Situations in capitalist countries is way more worse.

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