key term - Global inequality

Definition

Global inequality encompasses the disparities in income, wealth, and access to resources and opportunities among countries and populations worldwide. It reflects a world where some societies enjoy prosperity and high standards of living while others face poverty, poor health, and lack of access to education.

Related terms

Wealth Gap: The significant difference in financial assets and income between individuals or communities within a society or between nations.

Poverty: A condition where individuals or groups are unable to meet basic needs for food, shelter, healthcare, and education due to lack of financial resources.

Social Stratification:

The hierarchical arrangement of individuals into social classes, castes, or divisions within a society based on factors like wealth, income, race, education, and power