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Unequal Distribution: Inequalities of Income and Wealth
Widespread Inequality in the World
In almost all market-driven economies of the world, be they developed or developing, there are tremendous disparities in the manner in which incomes and wealth are distributed. Even in socialist economies, inequalities of income cannot be totally eradicated as political big wigs, scientists, professionals and efficient and comparatively more productive workers have to be compensated more than ordinary workers, which cause disparities in income. India too has tremendous disparities in the distribution of income and wealth. There are various reasons why there are so many inequalities in income and wealth distribution. Comparative studies show that though ...
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