Question

In: Economics

What is the extent of economic inequality, wealth, and poverty around the world?

  1. What is the extent of economic inequality, wealth, and poverty around the world?

Solutions

Expert Solution

Answer: world contains a wide variety of economics inequality around the world .there are the 3 richest people posses more financial assets than the 10% of poor people around the world population. In the world, less than 50 million richest person have 2.7 million poor people. There are the adults with less than $ 10000 will hav only 56.6% of world population but holds only 2% of global wealth. Only 11% population have $ 100000 assets but posses 82.3% of global wealth.

There are the people less than 1.4 billion people who live in severe condition .

Acc to world bank, half of the world population lives on $ 2 in a day


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