noun

The unequal distribution of income among individuals or groups within a population, often resulting in disparities in wealth and economic opportunities.

Example: Governments worldwide are grappling with strategies to address the growing issue of income inequality.

noun

A significant difference in the distribution of assets and financial resources among individuals or communities, contributing to social and economic gaps.

Example: The wealth disparity between the affluent and the impoverished neighborhoods is evident in access to quality education and healthcare.

noun

The ability of individuals or families to move up or down the economic ladder, indicating the degree of financial opportunities and social mobility within a society.

Example: Promoting economic mobility requires policies that address barriers to education, employment, and wealth accumulation.

noun

A tax imposed on the assets and wealth inherited by individuals, designed to reduce wealth concentration and promote a more equitable distribution.

Example: Some argue that inheritance taxes are necessary to prevent the perpetuation of dynastic wealth and address wealth inequality.

noun

A hierarchical classification of individuals or groups within a society based on factors such as income, occupation, education, and social status.

Example: Social class often influences access to opportunities, resources, and privileges, contributing to the wealth gap.

noun

The threshold level of income below which individuals or families are considered to be living in poverty, often used to assess economic hardship and inequality.

Example: Government assistance programs aim to lift individuals and families above the poverty line by providing financial support.

noun

A significant difference in economic conditions, opportunities, and outcomes among individuals, regions, or nations.

Example: Global efforts are needed to address economic disparity and promote sustainable development across all countries.

noun

The accumulation of a large share of wealth within a limited number of individuals or families, leading to a concentration of economic power.

Example: Critics argue that unchecked wealth concentration can undermine economic democracy and perpetuate inequality.

noun

The intentional transfer of wealth from the affluent to the less affluent through government policies or social initiatives, aiming to reduce economic inequality.

Example: Debates surround the effectiveness and ethical considerations of various methods of wealth redistribution.

noun

The accessibility and availability of financial services, resources, and opportunities to all members of society, regardless of their economic status.

Example: Efforts to promote financial inclusion can contribute to reducing the wealth gap by providing more people with the means to build assets and savings.

noun

The unequal distribution of income among individuals or groups within a population, often resulting in disparities in wealth and economic opportunities.

Example: Governments worldwide are grappling with strategies to address the growing issue of income inequality.

noun

A significant difference in the distribution of assets and financial resources among individuals or communities, contributing to social and economic gaps.

Example: The wealth disparity between the affluent and the impoverished neighborhoods is evident in access to quality education and healthcare.

noun

The ability of individuals or families to move up or down the economic ladder, indicating the degree of financial opportunities and social mobility within a society.

Example: Promoting economic mobility requires policies that address barriers to education, employment, and wealth accumulation.

noun

A tax imposed on the assets and wealth inherited by individuals, designed to reduce wealth concentration and promote a more equitable distribution.

Example: Some argue that inheritance taxes are necessary to prevent the perpetuation of dynastic wealth and address wealth inequality.

noun

A hierarchical classification of individuals or groups within a society based on factors such as income, occupation, education, and social status.

Example: Social class often influences access to opportunities, resources, and privileges, contributing to the wealth gap.

noun

The threshold level of income below which individuals or families are considered to be living in poverty, often used to assess economic hardship and inequality.

Example: Government assistance programs aim to lift individuals and families above the poverty line by providing financial support.

noun

A significant difference in economic conditions, opportunities, and outcomes among individuals, regions, or nations.

Example: Global efforts are needed to address economic disparity and promote sustainable development across all countries.

noun

The accumulation of a large share of wealth within a limited number of individuals or families, leading to a concentration of economic power.

Example: Critics argue that unchecked wealth concentration can undermine economic democracy and perpetuate inequality.

noun

The intentional transfer of wealth from the affluent to the less affluent through government policies or social initiatives, aiming to reduce economic inequality.

Example: Debates surround the effectiveness and ethical considerations of various methods of wealth redistribution.

noun

The accessibility and availability of financial services, resources, and opportunities to all members of society, regardless of their economic status.

Example: Efforts to promote financial inclusion can contribute to reducing the wealth gap by providing more people with the means to build assets and savings.