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


Related Solutions

Briefly compare and contrast poverty and economic inequality.
Briefly compare and contrast poverty and economic inequality.
Briefly compare and contrast poverty and economic inequality.
Briefly compare and contrast poverty and economic inequality.
Briefly compare and contrast poverty and economic inequality.
Briefly compare and contrast poverty and economic inequality.
Answer the following questions regarding wealth, poverty, and inequality. Regarding Personal Economic Factors: Where do you...
Answer the following questions regarding wealth, poverty, and inequality. Regarding Personal Economic Factors: Where do you stand personally in terms of your overall wealth? What factors in your own background contributed to your current financial status and your potential future financial status? To what extent do you place importance on your own current and future financial status? Explain. What are the reasons for the widening gap in wealth in the United States? To what extent do such gaps in wealth...
Aare economic inequality, wealth inequality, income inequality, and class inequality alike? Explain the difference.
Aare economic inequality, wealth inequality, income inequality, and class inequality alike? Explain the difference.
In recent decades, economic inequality (both income inequality and wealth inequality) has become a prominent topic...
In recent decades, economic inequality (both income inequality and wealth inequality) has become a prominent topic in American politics. How would you define income inequality? How is income inequality measured? What has happened to income inequality in the United States since the end of the Second World War in 1945? What evidence can you provide to support your answer? What are the reasons for the changes in income inequality since 1945. What is wealth inequality and how does it differ...
What difficulties are encountered in trying to measure economic development, international poverty and inequality, and how...
What difficulties are encountered in trying to measure economic development, international poverty and inequality, and how have international institutions sought to overcome them? (Please to be speicific how the institution overcome them)
What is the current status of poverty and inequality in India
What is the current status of poverty and inequality in India
Martin Feldstein - Poverty not Inequality. How would you summarize his idea of inequality and what...
Martin Feldstein - Poverty not Inequality. How would you summarize his idea of inequality and what is your opinion on it is?
13. How have income and wealth inequality in the world? Do you see globalization both as...
13. How have income and wealth inequality in the world? Do you see globalization both as a cause and also as a remedy for the rising inequalities? 14. What is saving glut; how is it affecting the world? What are the solutions to saving gluts? 15. What has caused the financial crisis in the US? What made it spread around the globe? 16. What and how much have been the real cost of financial crisis to the world? What do...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT