rich-get-richer phenomenon
The "rich-get-richer phenomenon" refers to a situation where individuals or entities that are already well-endowed or successful tend to accumulate even more resources or advantages over time, further widening the gap between them and less privileged ones.
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Related Concepts (1)
Similar Concepts
- concentration of wealth
- desire for wealth
- hidden riches
- income inequality
- laboratory experiments on wealth inequality
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- social experiments on income inequality
- taxation of the rich
- taxation on the rich
- wealth accumulation
- wealth concentration
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