Meaning of Kuznets curve | Babel Free
ˈkʌznɛts kɝvDefinitions
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.
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