Socioeconomic Inequality

Definition

Socioeconomic inequality refers to the unequal distribution of wealth, resources, and opportunities among individuals or groups in a society. It encompasses disparities in income, education, healthcare, housing, and social mobility based on factors such as race, gender, and class.

Related terms

Poverty: Poverty is a state of extreme deprivation where individuals lack basic necessities for survival and well-being.

Social Mobility: Social mobility refers to the ability of an individual or group to move up or down the social ladder based on factors like education and economic opportunities.

Wealth Gap: The wealth gap represents the disparity in assets (such as money, property) between different segments of society.