Question

Does global economic inequality has personal relevance and importance to people in advanced, affluent economies.

Does global economic inequality has personal relevance and importance to people in advanced, affluent economies.

Homework Answers

Answer #1

Global economic inequality means the accumulation or concentration of wealth and resources in the hand of some people of rich,advanced & affluent countries at global scale.

It not only create inequality and drift between lower cast and upper cast but also increase the poverty level in lower economy and underdeveloped countries.

Due to economic inequality economic wealth and resources are shifting from the developing countries to rich and advanced countries. This phenomenon is making rich more richer and poor more poorer. It also impact us personly adversely.

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