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This document discusses inclusion and reduction of inequality. It begins by defining inequality and discussing types of inequalities such as income, gender, political, and caste inequalities. For each type of inequality, it provides a brief explanation and examples. It then discusses reasons for inequalities such as historical discrimination, informal employment, agriculture sector, and lack of skill development. The document proposes strategies to reduce inequalities, including investing in women, investing in agriculture, and reforming the workplace. It concludes by proposing a business idea of establishing a milk dairy to help address rural inequalities.
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Social inequality refers to a lack of equal social status and includes issues like income gaps, gender inequality, and unequal access to healthcare and education. Factors that contribute to social inequality are differences in educational attainment, wealth and poverty, power, and gender. For example, the wealthy can afford better education while the poor struggle to complete their diplomas. Gender inequality is experienced differently across cultures through differences in opportunities and treatment. Social issues perpetuating inequality in the 21st century occur at the local, national, and global levels, such as criticism of people based on their culture, a lack of resources in some nations, and conflicts between countries.
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Running Head WEALTH INEQULITIES AND DEMOCRACY1WEALTH INEQULI.docx
Running Head: WEALTH INEQULITIES AND DEMOCRACY1
WEALTH INEQULITIES AND DEMOCRACY 14
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Your Name
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Introduction
Economic inequality refers to a condition whereby there is the disparity in the distribution of wealth and income between various groups of individuals in the society. This is usually related to the concept “the poor get poorer as the richer get richer.” This phrase more particularly refers to the gap in the distribution of assets or the income from the richest segment of the society and the poorest individuals in the nation. While income refers to the amount of money an individual or household earns per year, wealth refers to the value of that individual or household overall. The calculation of wealth is done by subtraction of debt from assets, and in various ways, it is a more accurate window into the racial and economic disparity in America as well as the entire world. While it is significant to understand the gaps in income as part of the cycle of drawbacks and benefits in the United States, wealth represents the command grounded on the financial resources that have been accumulated by the family over its lifetime together with wealth that has been inherited by individuals across generations (Loffredo, 2001, p. 147). When such resources are combined with the income, the opportunity can be created to secure the “good life” in whatever fashion is required—business, health, comfort, training, justice and many others
In spite of the fact that fundamental ideas have entered the consciousness of the public, the influences of the highly concentrated wealth are excitedly debated and not well conceptualized by the observers. Various studies attribute both the benefits and negative impacts of the pronounced degree of wealth inequality. Certain studies postulate that inequalities in income can be social beneficial despite high probabilities in its negative influences in the society.
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Running Head WEALTH INEQULITIES AND DEMOCRACY1WEALTH INEQULI.docx
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- 1. INCLUSION &REDUCTIO OF INEQUALITY Presented by Y. Manoj G. Naveen Kumar K. Mohan Mahendra S. Saddam Hussain N. Raj Kumar
- 2. CONTENTS Definition Types of inequalities Reasons for inequalities Strategies to reduce inequalities Business idea
- 3. MEANING • The state of not being equal, especially in status ,rights ,oppurtunities. • It is a concept very much at the heart of social justice theories . • However it is prone to confusion in public debate as it tends to mean different things to different people. • Some distinctions are common though. • A formal statement of inequality between two quantities usually separated by a sign of inequality(signifying respectively is less than, is greater than or is not equal to).
- 4. TYPES OF INEQUALITIES There are so many inequalities but in our circumstances we are focusing on following inequalities only Income inequality Gender inequality Political inequality Caste inequality
- 5. 1.INCOME INEQUALITY Income inequality is how unevenly income Is distributed through out the population Income inequality studies help to show the disparity of incomes among different population segments. When analyzing income inequality researchers commonly study distributions based on gender, ethnicity , geographic location ,and occupation.
- 6. 2.GENDER INEQUALITY • Gender inequality is discrimination on the basis of gender causing one gender to be routinely privileged or prioritized over another . • Gender inequality is a fundamental human right and that right is violated by gender based discrimination.
- 7. 3.POLITICAL IN EQUALITY Political inequality is distinct form of inequality but has yet to attract sustained, systematic scholarly attention In the same way as its sibling inequalities . Although political equality is a foundation of modern democracy, we do not Know how far from equality we are. Even the news media rarely addresses political inequality. We need more eyes On the problem.
- 8. 4. CASTE INEQUALITY Caste inequality is one of the kinds of social inequality in which people are Discriminated against on the basis of origin Or caste. 1. In the basic constituent of caste system 2. Caste inequality is both hierarchical and segmentary 3. The most detremental aspect of the caste inequality is the practice of untouchability.
- 9. REASONS FOR INEQUALITY • Historical reasons –discrimination against certain sections of the society since historic items • Females were always treated to be subordinated and weaker to males • Large-scale informal employment • Agriculture sector • Inter state inequalities • Studies show that globalization and opening up the economy has benefited the rich more than the poor. • Lack of skill development and jobless growth.
- 10. STRATEGIES TO REDUCE INEQUALITIES A. Investing in women B. Investing in agriculture C. Reforming work place
- 12. REASONS FOR ESTABLISHING DAIRY Rural areas are mainly depending on cattle farming only Every house atleast consists 2 cows . Existing dairies are giving only low costs to milk.