What is the major reason of inequality?
(a) Poverty
(b) Religion
(c) Casteism
(d) None of these
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Answer:
Inequality is a vicious cycle
The reason is simple: People who already hold wealth have the resources to invest or to leverage the accumulation of wealth, which creates new wealth. The process of wealth concentration arguably makes economic inequality a vicious cycle.
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The major reason for inequality is all the above-mentioned reasons is (a). Poverty
Poverty is the main reason for inequality.
- Poverty and lack of resources are the reasons for inequality in the lives of people.
- Inequality means disparities in economic assets and income.
- In India, Religion is also a major issue here where religion is the main factor and people are discriminated against based on gender and caste.
- The inequality leads to treating people without any dignity.
- There are adult franchise grants every adult in society the right to vote, thus ensuring political equality.
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