inequality
Economic structure of inequality, emphasis on opposed and antagonistic relationship between classes, and connection between power and culture.
Economic relationship is what underpins inequality
In all societies there has been members who own and control the means of production and other members who participate in the production on terms and conditions set by these owners
Reason : we need to maximize its profit. So nations need generally
accepted standard to trade smoothly between nations.
Balance of payment is overall money flows into and out of a country.
1. Positive balance of payment is called balance of payment surplus,
means more money has moved into a country than out of it.
2. Negative balance of payment is called
Introduction
Inequality and poverty are two issues that have been plaguing societies around the world for centuries. Inequality is defined as the unequal distribution of resources, opportunities, and wealth among different social groups or individuals. Poverty, on the other hand, is defined as the state of not being able to afford basic necessities such as food, shelter, and clothing. Both of th
inequality and wealth distribution in the U.S. between the wealthiest 1% and the rest of the population. Korea is not an exception. Emerging from the 1997-98 Asian currency crisis, banks have tended to provide more loans to households. Then household loans drastically increased and this consequently produces 'House Poor' who is suffer from the housing problem(burdened by mortgage and loan debt).
inequality and wealth distribution in the U.S. between the wealthiest 1% and the rest of the population. Korea is not an exception. Emerging from the 1997-98 Asian currency crisis, banks have tended to provide more loans to households. Then household loans drastically increased and this consequently produces 'House Poor' who is suffer from the housing problem(burdened by mortgage and loan debt).
wealth, more than the combined wealth of the bottom 90 percent of american families.
The top 10 percent of American households take in 42 percent of all income and hold 71 percent of all wealth.
Some people think that such inequality in unjust, and favor taxing the rich to help the poor. Others disagree. They say there is nothing unfair about economic inequality, provided it arises witho
inequalities are a product of this past colonization.
Global north countries are wealthy and democratic.
In contrast, according to the world bank, the global south countries were gone to
85 percent of the world's population but possess only 20 percent of the globe's wealth.
Today, few colonies exist, and the decolonization process is almost complete.
However, the effects persist.
C
wealth accumulates, leading to disparities between rich and poor nations. The flow of capital is driven by industrial development in a globalized era, making it nearly impossible for slower-developing countries to catch up with wealthier ones. This inequality extends to the distribution of jobs, with industrialized nations facing labor shortages while impoverished countries struggle with job scar
그것에 대한 장래의 보답을 기대하기 때문에 사람들 간에 협조가 지탱될 수 있다고 주장하였으며, 스미스(Adam Smith)는 1776년에 출간한 그의 “'국부론”(Wealth of Nations)에서 순전히 사적 이윤 때문에 동기지워지는 재화와 용역의 생산이 사회전체에 가장 좋은 결과를 초래한다는 경제관을 발전시켰다.
-Why should we care about it?
The huge gap between social classes is always an important matter that all government should consider, because it is one of the reason that makes society inequal regardless of power or wealth of country. Besides, in these days, this gap become greater due to neo-liberalism, base ideology of economy. To reduce this gap, it would be helpful to us to know the ch