Economic disparities refer to the unequal distribution of wealth and resources among individuals or groups within a society. These differences can be seen in income levels, access to education, and job opportunities. Factors such as geography, race, and education can contribute to these disparities, leading to significant gaps between the rich and the poor. These inequalities can have lasting effects on communities, impacting overall quality of life and social mobility. For instance, individuals from lower-income backgrounds may struggle to access essential services like healthcare and housing, perpetuating a cycle of poverty. Addressing economic disparities is crucial for fostering a more equitable society.