Get an answer in 5 minutes

We'll notify as soon as your question has been answered.

Plus iconAsk a question to our educators
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 simple. Poorer people spend a higher proportion of their money. As a result, they don't have much left after they pay for rent and bills. Wealthier families, however, have a lot of disposable income left. In the long run, disposable income for rich families = travel, private schools and as a result, the best opportunities. Hope that gives you some guidance!

Ismail's profile picture
Verified
Ismail Jeilani
·

18.1k students helped

What is Q&A on Scoodle?

At Scoodle we understand that everyone learns in a different way. Some people learn through practice, using essays and notes; others prefer video lessons to watch and learn, some just need help with a specifically hard question, while some learn best 1-on-1 tutoring sessions. At Scoodle we cater for all types of learning styles and needs. From GCSE Maths video lessons to A-level English essays and specialist educators in every subject - we’ve got you covered.

Faces of students on ScoodleFaces of students on ScoodleFaces of students on Scoodle
Scoodle has helped over 131,000 students so far

Need help with Economics?

Getting expert help from a tutor is a great way to improve your Economics grades.

Learn with Video Lessons
A-Level Physical Chemistry
1hr 9m · 7 videos
Ibrahim's profile picture
Ibrahim Dangra
·

2.2k students helped

A-Level Physical Chemistry
GCSE Maths - Numbers
1hr 28m · 8 videos
Paja's profile picture
Paja Kruzikova
·

705 students helped

GCSE Maths - Numbers
How to Analyse (Unseen) Poetry
20m · 7 videos
Nina's profile picture
Nina Modak
·

2k students helped

How to Analyse (Unseen) Poetry
COVID-19 Guidance For Students
30m · 5 videos
Jackie's profile picture
Jackie Jones
·

802 students helped

COVID-19 Guidance For Students
Academic Integrity
29m · 5 videos
Jackie's profile picture
Jackie Jones
·

802 students helped

Academic Integrity
Analysis of 'Ozymandias' by Percy Bysshe Shelley
42m · 4 videos
Nina's profile picture
Nina Modak
·

2k students helped

Analysis of 'Ozymandias' by Percy Bysshe Shelley