Economic growth and income inequality
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Luis Eudoro VallejoAbstract
Economic growth, besides being a very important goal of economic policy is conceived, by some theorists, such as economic development. However, as suggested by Amartya Sen, growth is a means to development, as it has to do with the welfare of the people and therefore should incorporate not only economic variables, but also social, cultural , political and environmental, among others. In other words, economic development is multidimensional.
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