Question

Describe how a push for economic equality might

reduce incentives to work and produce output. Then

describe how a push for economic inequality might not

have such effects.

Short answer

Forcing economic equality may lead to compromise with economic output.

Step-by-step solution

Step 1. Meaning

Incentives to work

incentives to work in economic senses refers to the motivation to choose work over leisure.

Step 2. Explanation

Imposing high taxes on high earning groups can discourage them from working will impact incentives as well & there would be a decline in the output-oriented entrepreneur approach, for experiencing a high level of equality in distribution can lead low level of production.

Step 3. Explanation

On another side, allowing economic inequality by letting people earn as much they can lead to a high incentive to work because high earning people attract people to earn more & individuals tends to work more leads to inequality.