what is main reason for inequality
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Low labour productivity implies low rate of economic growth which is the main cause of poverty and inequality of the large masses of people. In fact, inequality, poverty and unemployment are interrelated.iCauses:
In India, inequality in the distribution of income has increased for various reasons.
The main reasons are the following:
1. Unemployment:
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The main reason for low level of income of the majority of Indian people is unemployment and underemployment and the consequent low productivity of labour. Low labour productivity implies low rate of economic growth which is the main cause of poverty and inequality of the large masses of people. In fact, inequality, poverty and unemployment are interrelated.
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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.
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