Economic disparities refer to the unequal distribution of wealth and resources among individuals and groups within a society. This inequality can manifest in various forms, including differences in income, access to education, and healthcare. Such disparities often lead to social tensions and hinder overall economic growth.
The causes of economic disparities are complex and multifaceted, involving factors like systemic discrimination, education access, and labor market dynamics. Addressing these disparities is crucial for fostering a more equitable society, where everyone has the opportunity to thrive and contribute to the economy.