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Unlike single crises that may have clearer causes and solutions, a polycrisis involves overlapping and interdependent issues, making it a more pervasive and enduring state of instability. [3] [4] [5] This concept reflects growing concerns about the sustainability and viability of contemporary socio-economic, political, and ecological systems.
Socioeconomic status is an important source of health inequity, as there is a very robust positive correlation between socioeconomic status and health. This correlation suggests that it is not only the poor who tend to be sick when everyone else is healthy, but that there is a continual gradient, from the top to the bottom of the socio-economic ...
Economic stability is the absence of excessive fluctuations in the macroeconomy. [ 1 ] [ 2 ] An economy with fairly constant output growth and low and stable inflation would be considered economically stable.
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).
Socioeconomic mobility in the United States refers to the upward or downward movement of Americans from one social class or economic level to another, [2] through job changes, inheritance, marriage, connections, tax changes, innovation, illegal activities, hard work, lobbying, luck, health changes or other factors.
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]
Social issues are distinguished from economic issues; however, some issues (such as immigration) have both social and economic aspects. Some issues do not fall into either category, such as warfare. Exemplary for social issues was the so-called social question in the beginning of the industrial revolution.
It impacts their job likelihood, success, health, and future. For instance, those who come from lower socioeconomic status are more likely to develop health conditions such as cardiovascular disease. Some factors that affect these individuals and their health are food insecurity, financial stability, and healthcare access.