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Showing posts with the label economic disparity

Understanding Inequality

Economic disparity is the unequal distribution of wealth and opportunity between different groups vis., Society, ethnic group, community or a country. Inequalities are pronounced to this day in the form of economic, social, cultural, ethnic and gendered previlage vs deprivation. Various reports including the Human development report, world inequality report etc., capture the larger picture in the status of economic inequality on a global scale. Approximately, top one percent of the population hold 50 percent of the global wealth. Economic disparity - implications :  Let's ask some questions to understand this better. 1. What happens if the top one percent hold large portions of wealth?  It means, while a kid cries for food, another one owns a personal iPad. While a girl struggles to go to school, another boy affords a medical seat in top notch college with zero merit. While elections seem to offer fair chance to every citizen, the rich can bribe anything and get to the top. In a so