Economic inequality refers to the unequal distribution of wealth and income among individuals and groups within a society. This disparity can lead to significant social and economic consequences, affecting access to resources such as education, healthcare, and employment opportunities. The gap between the rich and the poor can create a cycle of poverty that is difficult to escape.
Addressing economic inequality is crucial for fostering social cohesion and ensuring that all individuals have the opportunity to thrive. Policies aimed at reducing this inequality often focus on progressive taxation, social welfare programs, and improving access to quality education and healthcare for disadvantaged populations.