Economic Disparities

Economic disparities refer to the significant differences in wealth, income, and access to resources among individuals or groups within a society. These disparities can arise from various factors, including education, employment opportunities, location, and systemic inequalities based on race or gender. As a result, some individuals may enjoy higher living standards, while others may struggle to meet basic needs. Addressing economic disparities is crucial for promoting social equity and ensuring that all members of society have a fair chance to thrive and contribute to the economy.