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09/13/2020

What is an income inequality essay definition

What is an income inequality essay definition

It is a short paper in which the author presents his understanding of the definition of income inequality, among which there are several options:

  • Growth in income inequality, as a rule, is positively correlated with the growth in the number of independent individuals. In the urbanized regions, this factor is expressed in the increase in the mobility of individuals from the middle class to the lower class.
  • In the rural areas, the percentage of the middle class consists of a lower class than in the urban group. The percentage of farmers, fabricators, merchants, owners of manufactories, etc. is lower, in the rural areas, the number of inhabitants is lower. The share of the middle class in the rural areas is lower than in the urban areas. The share of urbanized families in the rural areas is lower than in the urban areas. The share of economic and social activity of the middle class in the rural areas is lower than in the urban areas.
  • In the urban areas, the middle class is formed by the labor of large corporations, financial institutions, law firms, and investment bankers. As a rule, they are well-connected, and provide a wide range of services. However, the level of income and living standards of the middle class is lower than in the urban areas. The work of urban employees is dependent on the situation of the economy, main things that influence it are the size of the wage. The wage is formed by the total output in the industry, sales, governmental costs, etc. The wage is the value of the work performed by a particular worker over a long period of time measured in accordance with the average skills of the worker. It is independently determined, and the influence of social, professional, and political factors is therefore: the middle class is formed by the labor of large corporations and financial institutions, the middle class is formed by the work of small entrepreneurs.
  • In the process of economic development, the middle class is very responsive to the changes in the market. Therefore, it is not difficult to foresee the tendencies of economic development, and therefore, the possibilities for adjusting the middle class in the economic sphere, influencing it in the process of adjustment.
  • In the socio-political context, the middle class is one of the most important components of the social organization of society. Also, it is important to mention in income inequality essay that, in addition to the concept of the middle class, there are other, more subtle definitions of this concept. For example, the middle class is a part of the social organization of society, comprising a group of people whose social status is somewhat below. The possibility of reaching this status is due to the achievements of a particular group of people.
  • In the ideological context, the middle class is associated with the process of social stratification, the differentiation of society’s leading and legislative power, as well as various aspects of the culture and religious sphere.
  • In the economic sphere, the middle class is the largest and the most important part of the economic activity, since it is the most numerous and rich part of society. All other figures are only a part of the total number of participants in the economic activity of the middle class. In addition, the middle class is one of the most important economic intermediaries, which provides a way of understanding the progress of the social and economic development of society.
  • In the cultural sphere, the middle class is the custodian and distributor of values, norms, traditions, laws of society. Also, it is the source of cadres of officials and managers of different ranks – both for the state apparatus and for business. Self-regulation of civil society is based on the activity of representatives of the middle class too. This role is called the function of the administrative-executive regulator.
  • In order to keep the economic inequality in the United States, which, in turn, is related to the activities of the middle class in the economic sphere.
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    Despite the fact that the middle class is synonymous with the middle class in society, in the real world, it is not a separate group.

    There is a formal classification of the middle class which does not include all layers present in society. The matter is the degree of social mobility and equality of opportunities in the economic system. It also should be noted in essays on economic inequality that, in the broad sense, the middle class refers to 60% of the population. This group has the following sectors:

  • Health care, culture, and education;
  • Social affairs, such as marriage, property relations, religious rituals, etc.;
  • Educational and medical care, especially in relation to the child (infantilized children, hospitalized children, etc.).
  • Pensions, pensions, scholarships, allowances, compensatory subsidies, and other payments, interest, rent payments, etc.;
  • Internet exchanges, etc.