Inequality and Poverty

Definition

Inequality refers to disparities or differences in opportunities, resources, income, wealth, or social status among individuals or groups within society. Poverty refers to the state of being extremely poor with insufficient resources for basic needs such as food, shelter, healthcare, and education.

Related terms

Social Mobility: The ability of individuals or families to move up or down in social status or economic position.

Income Gap: The difference in income levels between different groups within society.

Absolute Poverty: A condition where individuals lack the basic necessities of life, such as food, clean water, and shelter.