Kuznets curve
Hypothesized relationship between economic development and inequality level / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Environmental Kuznets curve?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
The Kuznets curve (/ˈkʌznɛts/) expresses a hypothesis advanced by economist Simon Kuznets in the 1950s and 1960s.[3] According to this hypothesis, as an economy develops, market forces first increase and then decrease economic inequality. The Kuznets curve appeared to be consistent with experience at the time it was proposed. However, since the 1970s, inequality has risen in the US and other developed countries, which invalidates the hypothesis.[citation needed]