A major hazard in our economical growth is social inequality. Discuss
Or,
Social inequality has led to the backwardness of india. How?
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Answers
Economic inequality covers a wide variety of topics. It can refer to either income distribution (measuring the amount of money people are paid) or the distribution of wealth, (the amount of wealth people own).
Besides measurements between countries or states, there are important types of economic inequality between groups of people.[1]
Important types of economic measurements focus on wealth, income, and consumption. There are various numerical indices for measuring economic inequality. A widely used index is the Gini coefficient, but there are also many other methods. Important concepts of equality include equity, equality of outcome, and equality of opportunity.
Research suggests that greater inequality hinders the duration of growth but not its rate.[2][3] Whereas globalization has reduced global inequality (between nations), it has increased inequality within nations.[4]