Income Inequality: Income inequality refers to the unequal distribution of income within a society, which can lead to social implications such as disparities in access to resources and opportunities.
Poverty Cycle: The poverty cycle is a phenomenon where individuals or families experience ongoing poverty due to various interconnected factors like limited education, lack of job opportunities, and inadequate access to resources.
Social Stratification: Social stratification refers to the division of society into different hierarchical layers based on factors such as wealth, occupation, or social status. This division can have social implications by creating inequalities and shaping individuals' life chances.