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Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).
Buildings in Rio de Janeiro, demonstrating economic inequality. Effects of income inequality, researchers have found, include higher rates of health and social problems, and lower rates of social goods, [1] a lower population-wide satisfaction and happiness [2] [3] and even a lower level of economic growth when human capital is neglected for high-end consumption. [4]
This list of global issues presents problems or phenomena affecting people around the world, including but not limited to widespread social issues, economic issues, and environmental issues. Organizations that maintain or have published an official list of global issues include the United Nations, and the World Economic Forum.
Money transformed the entire idea of the barter system. A medium of exchange for centuries, it keeps the world in flow, enables countries to trade, store wealth and foster friendly relationships.
A new president, a strong economy and tons of innovation: How those and other forces might change economic, tax and financial situations in 2025.
The real change in total GDP is defined as the change in population plus the real change in GDP/capita. [4] The table below shows that historically, for every major region of the world, both of these have been positive. This explains the enormous economic growth around the world brought on by the industrial revolution. However, the two columns ...
Don't let money troubles get the best of your health.
The World Bank affirms that, without much needed intervention, climate change could cause more than 100 million people, world-wide, to plunge into poverty by 2030. By 2050, regional areas like Latin America, South Asia and Sub-Saharan Africa could trigger migratory patterns potentially impacting over 143 million people. [26]