Author(s): Christopher Beegle
Economic inequality refers to the unequal distribution of income and wealth among individuals and groups within a society. It is a persistent issue that affects economic growth, social stability, and individual well-being. This article explores the root causes of economic inequality, including technological advancements, globalization, and policy decisions. It also examines its consequences, such as reduced social mobility and political instability. Finally, the article discusses potential solutions, including progressive taxation, investments in education, and labor market reforms, to mitigate economic disparities and foster a more equitable society.