The disparity between the rich and the poor has moved to the extreme ends over the last decade. The rich have continued to gain more investment and grow richer while the poor have remained poor. It depicts the inequality in income distribution between the rich and the poor. Unequal distribution of wealth is one of the common problems faced by developing nations. This can lead to poverty. 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 wealth is that education has become inaccessible to the poor. Nowadays quality study has become very expensive. There is 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 expansion 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. First of all, several low-income groups cannot afford education. Thus, governments must expand learning and employment opportunities for poor and ensure every person in the country is educated at least until undergraduate, by allocating appropriate funds. Individuals and companies can also contribute some amount for this purpose from their personal income. It should develop schemes and provide scholarships, which will help people from the poor section afford a quality discipline. 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. Secondly, the employment awareness should be increased among the poor. The government can reserve some jobs for the poor to ensure their well-being.
To sum up, the differences between the rich and the poor is widening and has created many problems like an expansion in crime rates. However, if the authority exercises enough political willpower, it is possible to solve these problems.
The disparity between the
rich
and the
poor
has
moved
to the extreme ends over the last decade. The
rich
have continued to gain more investment and grow richer while the
poor
have remained
poor
. It depicts the inequality in income distribution between the
rich
and the
poor
. Unequal distribution of wealth is one of the common
problems
faced by developing nations. This can lead to poverty.
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 wealth is that education has become inaccessible to the
poor
. Nowadays quality study has become
very
expensive. There is 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 expansion 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.
First of all
, several low-income groups cannot afford education.
Thus
,
governments
must
expand learning and employment opportunities for
poor
and ensure every person in the country
is educated
at least until undergraduate, by allocating appropriate funds. Individuals and
companies
can
also
contribute
some
amount for this purpose from their personal income. It should develop schemes and provide scholarships, which will
help
people
from the
poor
section afford a quality discipline. 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
.
Secondly
, the employment awareness should
be increased
among the
poor
. The
government
can reserve
some
jobs for the
poor
to ensure their well-being.
To sum up, the differences between the
rich
and the
poor
is widening and has created
many
problems
like an expansion in crime rates.
However
, if the authority exercises
enough
political willpower, it is possible to solve these
problems
.