Why do you think social inequality still exists in the country today?

Social inequality refers to disparities in the distribution of economic assets and income as well as between the overall quality and luxury of each person’s existence within a society, while economic inequality is caused by the unequal accumulation of wealth; social inequality exists because the lack of wealth in …

What could be the main reason the Philippines remains to be economically poor relative to other states?

Other causes of poverty in the Philippines include low job creation, low economic growth and high levels of population growth. The high rates of natural disasters and large numbers of people living in rural areas contribute to this hunger problem and make food inaccessible for many in the Philippines.

Why is economic inequality happening?

Many of the causes of U.S. income inequality can be traced to an underlying shift in the global economy. Emerging market incomes are increasing. Countries such as China, Brazil, and India are becoming more competitive in the global marketplace. Their workforces are becoming more skilled.

What are the causes of global inequality?

Causes for Global Inequality

• Political goals.
• Exploitation of poor countries.
• Tax avoidance.
• Lack of education.
• Lack of innovation.
• Gender inequality.
• Insecurity regarding property rights.
• Low investment incentives for firms.

What do you think are the reasons why the Philippines remains a Third World country?

There are many reasons why the Philippines is considered a Third world country. The country faces issues such as congestion, high poverty rates, high levels of crime, and corruption.

Why do inequalities persist?

Wealth typically echoes and reinforces other inequalities in our society; when the rich get richer faster than the poor, these other inequalities may be exacerbated too as privileged groups become wealthier and, by extension, grow in social and political power.

How and why there are inequalities within countries?

Inequalities are not only driven and measured by income, but are determined by other factors – gender, age, origin, ethnicity, disability, sexual orientation, class, and religion. These factors determine inequalities of opportunity which continue to persist, within and between countries.

Why is economic equality important?

June 03, 2017. Greater economic equality benefits all people in all societies, whether you are rich, poor, or in-between. Countries that have chosen to be more equal have enjoyed greater economic prosperity while also managing to develop in a more environmentally sustainable fashion.

Is economic inequality the same as income inequality?

Economists talk about two types of economic inequality: wealth and income inequality. Income inequality looks at how big the differences in what people get paid are in the economy. Another term is wealth inequality. Wealth inequality measures how a small group of people in the world own most of the worlds stuff.

How is economic inequality defined?

Economic inequality refers to how economic variables are dis- tributed—among individuals in a group, among groups in a population, or among countries. Development theory has largely been concerned with inequalities in standards of living, such as inequalities in income/wealth, education, health, and nutrition.