What is a definition of poverty. Different people understand poverty differently. In the end, you will need to get used to talking to all of them.

What is a definition of poverty. Different people understand poverty differently. In the end, you will need to get used to talking to all of them.

Poverty is a serious problem in the community of governments. It affects the social environment and the ability of the individuals to think, act, and decide in their own interests. The world community should be aware of this problem and respond to it in practice. At the same time, responsibility should be expressed in the ideology of the majority of the societies that comes to the rescue in the event of a crisis.

  • The main factor that creates poverty is the inability of people to balance their income with the needs of others.
  • Incomes inequality creates inequality of opportunity, where the possibility of achieving a comfortable level of life is lower than opportunities in the social hierarchy.
  • Economic instability, in turn, creates new challenges for the middle class.
  • In these conditions, the middle class is inclined to reliance on the government, although the society as a whole.
  • In the system of equality, the contradictions of the class, the imbalance of the nature of the income between the two classes, social classes, political parties, natural monopolies, and social exclusion are more pronounced than in the system of inequality.
  • In the system of economic inequality, the role of the middle class is much more modest and unobtrusive.
  • Although, in the conditions of a rather strong polarization of society, two consecutive generations of the population, having balanced the gap in the wages of the middle class, continue to exist.

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    An important feature of the population’s attitude towards the society is its ability, in fact, to invest in real estate, liquid assets.

    More specifically, you can provide the following criteria for identifying the middle class in wealth and income inequality essay:

  • level of income, well-being allowing to enjoy a modern way of life, high social standard;
  • relative stability of the economic status;
  • sustainable economic self-sufficiency;
  • ownership of property, presence of conditions which are absolutely necessary for its effective functioning at the modern level: knowledge and skills in the sphere of organization and management, high qualification, information;
  • activities in the field of science, culture which are recognized as particularly valuable for society and carried out on the basis of possessing unique creative abilities;
  • higher subjectivity in the labor market, in the choice of patterns of social behavior, etc. in comparison with lower ones;
  • Persons with a higher value of indicators mentioned in this list belong to groups located above the middle class on the social ladder (the upper stratum, the elite).

    An important feature of the middle class is its quantitative scale. In any case, the share of the middle class in the population should be not less than the total share of those groups whose social status is somewhat below. The functioning of the middle class begins exactly from this quantitative threshold. Otherwise, it would be only one of the layers in the social structure of society.

    Based on the above, you can specify the social groups that belong to the middle class in essay on economic inequality:

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  • owners of medium and small capital, part of the owners of small-scale private property (excluding owners of medium capital belonging to the higher strata);
  • employed persons, highly qualified specialists: middle and partially lower managers who carry out technical and functional management at enterprises and organizations of any form of ownership;
  • highly skilled workers with a modern type of qualification;
  • persons exercising civil authority (except those who are members of the elite and the upper strata) and part of the officials – the performers who are there by the law;
  • figures of science, liberal professions (creative intelligentsia) if their status has the above characteristics;
  • part of the military officers, etc.
  • The middle class is distinguished by high heterogeneity and even ambiguity in many objective and subjective criteria. This prevents the understanding of the common interests of representatives of the middle class.

    It’s important to mention in income inequality paper that the presence of the middle class provides stability and dynamic economic development. As a basic social group, it performs a number of very important social functions. The function of the social stabilizer is the basic among them: having achieved a certain place in the social structure, the representatives of middle class are inclined to support the existing state order that enabled them to reach their position.