Economic Inequality

Economic Inequality

Introduction

When an economy suffers from an unequal distribution of economic assets and wealth among the people participating in that particular economy, it is known as economic inequality. Economic inequality is caused due to various economic factors, among which the major contributing factors include social status, education, region, and gender. Economic inequality is a much broader term which is not limited to any specific society or economy. Instead, the term is also used for inequality of wealth among countries across the globe. This paper is based on identifying the major causes of economic inequality and how it tends to impact ...