Economic inequality is a situation where there is

Subtopic Economic Outcomes of Democracy

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Equal distribution of wealth

Unequal distribution of income and opportunity

Distribution of wealth on the basis of gender

Distribution of wealth on the basis of education

answer is B.

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Detailed Solution

Economic inequality is defined as a situation of unequal distribution of income and opportunity between different groups of society, resulting in the concentration of wealth and income in the hands of a few per cent of the elite and leaving other sections with not even the capacity to fulfil basic needs. Democracies are expected to reduce economic disparities and end the division of society into ultra-rich and poor. The rich are becoming wealthier, whereas the incomes of the poor are declining significantly. Concentrating economic power in a few rich people's hands is dangerous and threatens a country's economic development.

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