Question

7.Difference in wealth leads to
inequality

Gender

Social

Economic

caste​

Answer 1

Answer:

Social inequality refers to disparities in the distribution of economic assets and income as well as between the overall quality and luxury of each person's existence within a society, while economic inequality is caused by the unequal accumulation of wealth; social inequality exists because the lack of wealth.

The major examples of social inequality include income gap, gender inequality, health care, and social class. In health care, some individuals receive better and more professional care compared to others.

Inequality is bad for society as it goes along with weaker social bonds between people, which in turn makes health and social problems more likely. ... Economic prosperity goes along with stronger social bonds in society and thereby makes health and social problem less likely.

There are three main types of economic inequality:

Income Inequality. Income inequality is the extent to which income is distributed unevenly in a group of people.

Pay Inequality. A person's pay is different to their income. ...

Wealth Inequality. ...

Gini Coefficient

Ratio Measures

Palma Ratio.