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What examples of economic inequality have you witnessed in your community ?

User Jialin Wang
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1 Answer

14 votes
14 votes

Answer:

Step-by-step explanation:

Economic inequality could be described as the disproportionate or uneven allocation of resources, wealth, opportunity and economic dividends within the between the various group or economic class of a society. Today various forms of economic inequality are being witnessed including those resulting from ;

Income distribution : Certain groups or portion of individuals earn exorbitantly high salaries even during a period when the economy is in total mess and needs a lift. Simultaneously, another group is clamoring endlessly for a raise in their income which is way below the amout earned by the political class. The earning isn't just comparable as the difference is so significant.

Unequal opportunity: The gap between the wealthy and poor keeps on widening, all thanks to the fact that most of the emerging opportunities within the community has been truncated to the channels of the wealthy class. Therefore giving them the opportunity to further bolster their purse, send their kins and wards up the ladder while the lower cadre continue to struggle anf wallow in insufficiency.

User Gsach
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