Studies have shown that in many countries the income gap between the rich and poor is ever increasing. What problems can arise from this situation and what could be done to address this situation?
Studies have shown that in many countries the income gap between the rich and poor is ever increasing. What problems can arise from this situation and what could be done to address this situation? 0BOjB
Economic disparity between the rich and poor is growing throughout nations and is evident in research. This essay puts forward the various issues concening income disparity and lately, it will suggest some ideas to overcome this particular problem.
One of the serious challenges that immerges out of income inequality is the unaffordability of basic services like health care and education services for poor, which may create a "cycle of poverty". Take for example the case of a family whose child could not access quality education and has low chances of employability in future.
Another critical concern out of economic disparity is the emergence of class structure of rich and poor which may develop hatred between the two classes. This has been quite evident throughout our history that there has been a class conflict between the rich and the poor. Both of these classes are at a war with eachother and that is harmful for the development of the nation.
Economic inequality can be overcome mainly by ensuring equality of oppurtunity to each individual irrespectiveof his or her class. This will give a platform for the poor and destitute to workoff for their econnomic betterment so that they can have a better quality of life. Another suggestion for avoiding this can be that state has a machinery to check that the accumulation of wealth to a handful of people is prevented. Examples of this can be seen in the Repulic of China where the state.
Economic disparities are harmful for the overall development of the society as it may lead to lack of access to basic services and the division of society into classes. Moreover, State should ensure equal acess to resources to prevent the issue of economic inequality.
Economic
disparity
between the rich and
poor
is growing throughout nations and is evident in research. This essay puts forward the various issues
concening
income
disparity
and lately, it will suggest
some
ideas
to overcome this particular problem.
One of the serious challenges that
immerges
out of income inequality is the
unaffordability
of basic services like health care and education services for
poor
, which may create a
"
cycle of poverty
"
. Take
for example
the case of a family whose child could not access quality education and has low chances of employability
in future
.
Another critical concern out of economic
disparity
is the emergence of
class
structure of rich and
poor
which may develop hatred between the two
classes
. This has been quite evident throughout our history that there has been a
class
conflict between the rich and the
poor
. Both of these
classes
are at a war with
eachother
and
that is
harmful for the development of the nation.
Economic inequality can
be overcome
mainly
by ensuring equality of
oppurtunity
to each individual
irrespectiveof
his or her
class
. This will give a platform for the
poor
and destitute to
workoff
for their
econnomic
betterment
so
that they can have a better quality of life. Another suggestion for avoiding this can be that state has a machinery to
check
that the accumulation of wealth to a handful of
people
is
prevented
. Examples of this can be
seen
in the
Repulic
of China where the state.
Economic
disparities
are harmful for the
overall
development of the society as it may lead to lack of access to basic services and the division of society into
classes
.
Moreover
, State should ensure equal
acess
to resources to
prevent
the issue of economic inequality.
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