5.3.1 POLICY TRADEOFFS i efficiency and equity size of the pizza equity how the pizza is shared 令E.G A completely private B education system mixed public/private education system efficiency free public education system
5.3.1 POLICY TRADEOFFS ❖ efficiency and equity ▪ size of the pizza ▪ how the pizza is shared ❖ E.G. ▪ completely private education system ▪ mixed public/private education system ▪ free public education system equity efficiency A B
The Economic Pizza Tradeoffs and Economic Growth The Pizza with low The pizza with high growth, greater equity growth, less equity ncome High-income share share LoW-income share LoW-income share
The Economic Pizza: Tradeoffs and Economic Growth The Pizza with low growth, greater equity The pizza with high growth, less equity High-income share Low-income share High-income share Low-income share