Economic Disparity

Definition

Economic disparity refers to the unequal distribution of wealth and resources among individuals or groups in a society, resulting in differences in income, education, and access to basic needs.

Related terms

Wealth Gap: The wealth gap refers to the difference between the wealthiest individuals or groups and the rest of society.

Socioeconomic Status:

Socioeconomic status (SES) is a measure of an individual's or family's social and economic position based on factors such as income, occupation, and education.

Income Inequality: Income inequality measures how unevenly income is distributed among a population. It focuses specifically on disparities in earnings.