Economics
Asked by Laura
Can you help by explaining to me the basic on poor housing and inequality of opportunity?
I'll be as brief as I can Laura!
Firstly, I need to know what you mean by poor housing. Does it mean:
1. Poor quality housing
2. Housing with residents that come from low income?
Since it's an economics question, I'm going to assume the second 😊
Low income earners have a higher marginal propensity to consume (MPS). By the way, use that phrasing in your exam, they love it!
What it means is si... more
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