Over the past 40 years, the disparity between rich and poor communities has increased dramatically. Unequal distribution of wealth is one of the common problems faced by developing nations. This can lead to poverty because they are certain forms of wealth which are essential but cannot be created by human beings to any significant extent. For instance, fertile farmland. The wealth of this type is zero-sum. This creates a significant rift between the wealthy and the poor and leads to many social problems. Economic disparity not only affects the lives of the people, but also hinders the overall economic development of a nation. The ministry should always strive towards minimizing this gap. If we look at the problems caused by this phenomenon, we will find a number of issues.
One of the main problems caused by unequal distribution of income is that education has become inaccessible to the poor. Nowadays quality education has become very expensive. There are a list of schools and colleges which are very costly and not within the reach of poor people. Due to this, these people are not able to compete for high paying jobs and it becomes a fundamental disadvantage for them. Another important issue is the increase in crime rates. As marginalized groups most often do not make enough money to meet their basic needs, they resort to heinous acts like burglary, theft etc.
Although these issues are critical, it is possible to find solutions. In fact, there are various instances where solutions have been provided by the government itself. Firstly, It should develop schemes and provide scholarships, which will help people from the poor section afford a quality education. This will give them a fair chance to compete with rich people. Reserving seats for marginalized group or quota system can also be one of the solutions. In addition, authorities should encourage and endeavour entrepreneurship among underprivileged sects. For instance, it has introduced many schemes to empower the poor. While poverty is still an issue in the country, the life standards of the poor are increasing slowly.
To sum up, the differences between the rich and the poor is widening and has created many problems like an increase in crime rates. However, if the authority exercises enough political willpower, it is possible to solve these problems.
Over the past 40 years, the disparity between rich and
poor
communities has increased
dramatically
. Unequal distribution of wealth is one of the common
problems
faced by developing nations. This can lead to poverty
because
they are certain forms of wealth which are essential
but
cannot
be created
by human beings to any significant extent.
For instance
, fertile farmland. The wealth of this type is zero-sum. This creates a significant rift between the wealthy and the
poor
and leads to
many
social
problems
. Economic disparity not
only
affects the
lives
of the
people
,
but
also
hinders the
overall
economic development of a nation. The ministry should always strive towards minimizing this gap. If we look at the
problems
caused by this phenomenon, we will find a number of issues.
One of the main
problems
caused by unequal distribution of income is that education has become inaccessible to the
poor
. Nowadays quality education has become
very
expensive. There are a list of schools and colleges which are
very
costly and not within the reach of
poor
people
. Due to this, these
people
are not able to compete for high paying jobs and it becomes a fundamental disadvantage for them. Another
important
issue is the increase in crime rates. As marginalized groups most
often
do not
make
enough
money to
meet
their basic needs, they resort to heinous acts like burglary, theft etc.
Although these issues are critical, it is possible to find solutions. In fact, there are various instances where solutions have
been provided
by the
government
itself.
Firstly
, It should develop schemes and provide scholarships, which will
help
people
from the
poor
section afford a quality education. This will give them a
fair
chance to compete with rich
people
. Reserving seats for marginalized group or quota system can
also
be one of the solutions.
In addition
, authorities should encourage and
endeavour
entrepreneurship among underprivileged sects.
For instance
, it has introduced
many
schemes to empower the
poor
. While poverty is
still
an issue in the country, the life standards of the
poor
are increasing
slowly
.
To sum up, the differences between the rich and the
poor
is widening and has created
many
problems
like an increase in crime rates.
However
, if the authority exercises
enough
political willpower, it is possible to solve these
problems
.