The tradeoff between efficiency and equity has been one of the strongest arguments by many experts in economic

economics and social science to justify the presence of some degree of income inequality in the society. Do you agree with this argument? why or why not? How about poverty? Does the same tradeoff argument apply to poverty as well?

Answer:
The more the person earns has a par with the efficiency of his skill or art that he performs.
In the U.S. the inequality in society is not a great because of the opportunities for the average person to reach their highest potential.
Poverty is said to be a great motivator in the U.S. as well as the rest of the world. Think and grow rich is what separates the people who succeed or fail or fail to even try.
i didn`t know of a tradeoff.I thought that efficiency created equity.I really don`t see why this should even be an argument.some people just seem to have to much time on their hands i guess..

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