Inequality
Definition
Inequality refers to disparities or differences in wealth, income distribution, opportunities, or social status among individuals or groups within a society. It highlights unevenness or unfairness in resource allocation and access to opportunities.
Analogy
Imagine a race where some runners have a head start while others are left behind. Inequality is like that head start, where certain individuals or groups have advantages or disadvantages compared to others in society.
Related terms
Poverty: The state of being extremely poor, lacking basic necessities for survival and well-being.
Wealth Gap: The difference in assets, property, or net worth between the richest and poorest individuals or groups in a society.
Social Mobility: The ability of an individual to move up or down the social ladder based on factors such as education, occupation, and income.
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