Over Consumptions Leads to Economic Inequality and Poverty

Over the past two decades, China has experienced rapid economic growth, which has also brought about a rise in social and economic inequality. A nation that once operated under the principle of egalitarianism, China now struggles with a level of inequality that has surpassed most of its East Asia neighbours. In the 1980’s, poverty was a problem restricted mainly to rural areas, but recently it has forayed into urban areas as well. Since the mid-1990’s, urban poverty has grown at a very fast pace

POPULATION GROWTH AND ECONOMIC DEVELOPMENT The consequences of population growth on economic development have attracted the attention of economists ever since Adam smith wrote his Wealth of nations. It was only Malthus and Ricardo who created an alarm about the effect of population growth on the economy. Population and Economic Development However, the consequences of population growth on the development of LDCs are not the same because the conditions prevailing in these countries are quite different

topic of economic inequality. Over the past decades, economic inequality has been rising and at an increasing rate, expanding the gap between the rich and the poor. The direct relationship between inequality and poverty has shown that while inequality increases, so too does poverty. Increased inequality is harmful for economic growth and its effects also bear social implications. Although there are arguments on the consequences of wealth redistribution and its unintended impact on economic growth

the economic and social costs and benefits of inequality in distribution of income in Australia. Income inequality describes the extent to which income is distributed unevenly among residents of an area. High levels of inequality indicate that a small number of people receive most of the total income, and that most people receive only a small share of the total. There are many advantages and disadvantages associated with the inequitable distribution of income. Income inequality can lead to an

world’s population still live in poverty. Since the alleviation of poverty stands out as the most important aim of development work, it is important to understand the relationship between poverty and development so we can have answers to questions like; what is poverty? How should poverty be measured? Who is considered poor and what measures can development take to reduce world poverty. Thoughts on the definition of have evolved overtime ranging from command over market purchased goods, to other

Literature Review: Health and Income : While it is widely recognised that poverty, or low income, is associated with poor health, even in rich societies, the nature of the relationship between income and health status is not clearly understood. A degree of confusion is often created by the use of occupational class as a proxy for income and by the failure to take account of the fact that poor health can lead to low income as well as vice versa. A recent review of the literature has

Poverty is believed to be a global phenomenon and it is caused by lack of resources, war and political conflicts, natural disasters and inheritance of poverty in a country. Social discrimination is one of the many causes of poverty in developing countries. It does not only cause but also act as a hurdle in alleviating poverty. According to Pernia and Quibria (1999), poverty has many dimensions other than income or consumption. Among the other dimensions are health, nutrition, education and gender

making the wealthy more willing to sacrifice overall economic growth in exchange for the larger share of money that they are getting for themselves. This has led to severe income, racial, and poverty inequality in the United States and creates an inequality trap because as the rich get wealthier, they favor policies that earn them more money and power at the expense of the low-income workers education and well-being. One cause of income inequality is the real value of the minimum wage has decreased

Economic growth and inequality has been a long debated topic but is more important in the recent decades as income inequality has dramatically grown within many countries; the implications on these can hinder social and political development. Economic growth and its link to Equality can help create stability for an economy and improve living standards in the long run. More directly it allows people to be able to contribute and engage in the economy as it provides the opportunity for employment, investment

so much disparity exists among the haves and have-nots in the country that leads the free world. The high level of poverty in the United States coupled with the disparaging rates of income are at times hard to comprehend. How can a country of such great wealth and power also be a country of vast poverty? Poverty will always be evident in the United States to some extent. However, minimizing poverty and income inequality will be conducive to the well being of the United States. Numerous organizations