Economic inequality is the difference found in various measures of economic well being among individuals in a group, among groups in a population or among countries. 

Economic effects of rising inequality

  • Social unrest and civil disobedience – strikes and demonstrations over poor pay and conditions. 
  • Limited access to healthcare
  • Limited access to education
  • Volatile incomes, high debts
  • Low savings
  • Misallocation of scarce resources – capital investment skewed towards preference of the rich. 

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