Economic Disparities

Definition

Economic disparities refer to significant differences in wealth, income, or access to resources between individuals or groups within a society. These disparities can result from factors such as education, employment opportunities, and social mobility.

Related terms

Income Inequality: Income inequality refers specifically to the unequal distribution of income among individuals or households within a society.

Poverty Cycle: The poverty cycle describes how individuals or families can become trapped in poverty due to limited access to resources and opportunities.

Wealth Gap: The wealth gap represents the disparity in accumulated assets (such as property, investments) between different socioeconomic groups.