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).