economic inequality and polarization

Economic inequality refers to the unequal distribution of wealth, resources, and opportunities among individuals or groups within an economy. It is characterized by disparities in income, education, employment, and living standards. Polarization, in the context of economics, refers to the increasing divergence or separation between different sections of society in terms of wealth, income levels, and economic opportunities. This division creates distinct groups that have varying access to resources and have divergent economic perspectives and interests.

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