Economic Disparities

Definition

Economic disparities refer to significant differences or inequalities in wealth, resources, and opportunities between individuals, groups, or regions. In the context of US history, economic disparities have existed throughout various time periods and have had lasting effects on social and political structures.

Related terms

Wealth Gap: The unequal distribution of assets (such as money, property) among individuals or groups within a society.

Social Mobility: The ability of an individual or group to move upward or downward in social status based on factors like education and income.

Income Inequality: A measure of how unevenly income is distributed across a population within a certain region or country.