What is inequality? And how does it affect people in different spheres of life? (social, political and economic).
Answers
Answer:
Inequality is concerned with disparities in the distribution of a certain metric, which can be income, health or any other material or non-material asset. ... Inequality is closed linked to the ideas of equity, which has two contrasting concepts: equality of opportunity and equality of outcome.
Explanation:
Social :- Inequality affects how you see those around you and your level of happiness. People in less equal societies are less likely to trust each other, less likely to engage in social or civic participation, and less likely to say they're happy
Political :- According to the so- called conflict theory, inequality increases disagreement on political issues between the worse off and the better off in society. As a consequence of the increased political conflicts in unequal societies, political motivation will grew among citizens.
Economic :- Increases in income inequality increase human capital in poor countries but reduce it in high and middle-income countries. ... Inequality is associated with lower redistribution, and lower redistribution (under-investment in education and infrastructure) is associated with lower economic growth.
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