Meaning of Kuznets curve | Babel Free
/ˈkʌznɛts kɝv/Definitions
A theoretical curve that graphs the hypothesis that as an economy develops, market forces first increase and then decrease economic inequality.
Examples
“On the surface, the Kuznets curve seems to justify laissez-faire economics and trickle-down policies.”
“Their creed is based on the Kuznets curve, the graph that appears to show that inequality automatically declines as capitalism advances, spreading wealth from the elite to the rest.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.