Enhance Your Learning with Economic Disparities Flash Cards for quick understanding
Differences in economic well-being, income, wealth, and opportunities among individuals, groups, or countries.
Factors such as education, discrimination, globalization, technological advancements, and government policies that contribute to unequal distribution of wealth and resources.
Impacts such as poverty, social unrest, limited access to education and healthcare, increased crime rates, and reduced economic growth resulting from economic inequalities.
Methods like Gini coefficient, income quintiles, poverty rates, and Human Development Index (HDI) used to quantify and compare economic disparities across different regions or countries.
Unequal distribution of income among individuals or households within a society, often measured by the income gap between the richest and poorest segments of the population.
Unequal distribution of wealth, including assets, property, and financial resources, among individuals or households within a society.
Unequal access to quality education, resources, and opportunities based on socioeconomic status, leading to disparities in academic achievement and future prospects.
The difference in average earnings between men and women, often influenced by factors like occupational segregation, discrimination, and work-life balance.
Inequalities in economic outcomes, such as income, employment, and wealth, experienced by different racial and ethnic groups due to historical, social, and systemic factors.
Economic inequalities between countries or regions, characterized by differences in GDP per capita, poverty rates, access to resources, and development levels.
The impact of taxation, welfare programs, minimum wage laws, trade policies, and other government interventions on economic disparities within a society.
Approaches like progressive taxation, investment in education and skills training, social safety nets, inclusive economic policies, and reducing systemic barriers to promote more equitable distribution of wealth and opportunities.
A state of extreme deprivation and lack of basic necessities, often resulting from economic disparities and limited access to resources and opportunities.
The ability of individuals or families to move up or down the social and economic ladder within a society, often influenced by factors like education, income, and social networks.
Unequal access to education, healthcare, employment, and other resources that limit individuals' chances of upward social and economic mobility.
The gap between individuals or communities with access to digital technologies and those without, leading to disparities in information, communication, and economic opportunities.
The division of the labor market into distinct segments based on factors like skill levels, education, and job characteristics, leading to disparities in wages, job security, and opportunities for advancement.
A system in which the government provides social programs and support to ensure a basic standard of living for all citizens, aiming to reduce economic disparities and promote social well-being.
Unequal distribution of resources, opportunities, and privileges among individuals or groups in a society, often resulting from economic disparities and systemic factors.
The increasing interconnectedness and integration of economies, societies, and cultures worldwide, which can contribute to both economic growth and disparities.
Innovations and developments in technology that can lead to economic growth and productivity, but may also exacerbate economic disparities by favoring certain industries or skill sets.
Government programs and policies designed to provide financial assistance, healthcare, and other support to individuals and families facing economic hardships, aiming to reduce poverty and inequality.
The legally mandated lowest hourly wage that employers must pay to workers, intended to ensure a basic standard of living and reduce income disparities.
Efforts to improve the quality, accessibility, and equity of education systems, aiming to reduce education disparities and provide equal opportunities for all students.
The process by which certain individuals or groups are marginalized or denied access to resources, opportunities, and participation in social, economic, and political life.
The ability of individuals or households to move up or down the income ladder over time, often influenced by factors like education, skills, and economic conditions.
A situation in which individuals or families are trapped in a cycle of poverty, unable to escape due to limited access to resources, education, and opportunities.
The transfer of wealth from the rich to the poor or from high-income individuals to low-income individuals through taxation, social programs, and other mechanisms, aiming to reduce wealth inequalities.
Government policies and programs aimed at addressing social issues, promoting social well-being, and reducing economic disparities, such as healthcare, housing, and social security.
Economic growth that benefits all segments of society, ensuring equal access to opportunities, resources, and benefits, and reducing economic disparities.
Unfair treatment or exclusion of individuals or groups based on characteristics like race, gender, age, or ethnicity in the labor market, leading to disparities in employment and wages.
The fair and equitable distribution of resources, opportunities, and privileges in a society, aiming to address and rectify social and economic disparities.
The ability of individuals or families to move up or down the economic ladder within a society, often influenced by factors like education, skills, and economic conditions.
The transfer of income from high-income individuals or households to low-income individuals or households through taxation, social programs, and other mechanisms, aiming to reduce income inequalities.
Government initiatives and policies designed to provide social assistance, support, and services to individuals and families in need, aiming to reduce poverty and inequality.
Unequal distribution of economic resources, opportunities, and rewards among individuals or groups within a society, often measured by indicators like income and wealth.
Equal access to quality education, resources, and opportunities for all individuals, regardless of their socioeconomic background, aiming to reduce education disparities and promote social mobility.
Government programs and policies aimed at promoting the well-being and quality of life of individuals and communities, often focusing on vulnerable or disadvantaged groups.
The process of improving economic conditions, infrastructure, and living standards in a country or region, aiming to reduce poverty, unemployment, and economic disparities.
The difference in income levels between different individuals or groups within a society, often indicating income disparities and inequality.
The difference in wealth levels between different individuals or groups within a society, often indicating wealth disparities and inequality.
The principle of equal rights, opportunities, and treatment for all individuals, regardless of their socioeconomic status, race, gender, or other characteristics.
Government measures and strategies aimed at influencing and managing economic activities, such as fiscal policies, monetary policies, and trade policies, which can impact economic disparities.