Reducing Economic Inequality: Causes, Impacts, and Measures.

Summary:

The note explores the topic of economic inequality, with a definition of the term and an examination of economic inequalities on a national and global scale. It delves into the causes and impacts of economic inequality and discusses measures that can be taken to reduce it. Finally, the note concludes with a summary of its findings and a bibliography of sources.

Excerpt:

Reducing Economic Inequality

INTRODUCTION
When we talk about inequality it is further bifurcated as:
o Gender
o Racial
o Income
o Educational

But the important factor that stands out is Income Inequality as its acts like a pillar for the rest. As the economy is considered one of the crucial factors for a country when it comes to Wealth.

Looking specifically into the matter of inequality in the economy this research study is been done.

The following is the result of research and studied explanation of Economic Inequalities in India. The matter in this, tells us about what Inequality means followed by what specifically.

Economic Inequality means. As we move further we get to know about economic inequalities nationally and internationally, to be more specifically, economic inequalities in India and Globally. The status of both national and international is explained with the help of Maps and their scale.

Also, the Causes and Impacts of inequality in the economy countries are explained with easy memorable points and it is followed by how can we Reduce Economic Inequalities. As it ends with the Conclusion, surely the points will be very much clear.

DEFINITION

Inequality
o “Inequality is an unfair and significant difference in the availability, accessibility or possession of opportunities, power, monetary status, rights, etc., among people, groups, regions, countries, or continents. 1

Economic Inequality
o There are two views to define Economic Inequality; one is “Achievement” oriented, which gives importance to the difference in how much materialistic achievement has been done for “well-being” as may be the result of conditions that are not in one’s control (lineage, caste, gender, ethnicity) besides talent and endeavor.