What is meant by economic inequality?

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It is a situation of equal distribution of wealth.

It is the unequal distribution of income and opportunity between different groups in society

It is the distribution of wealth on the basis of gender.

It is the distribution of wealth on the basis of education

answer is B.

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Detailed Solution

Economic inequality refers to the unequal distribution of income and opportunity between different groups in society.
The economic inequality problem is faced by many countries in the world, regardless of their government. When a particular group of people become very rich and powerful, they have the potential to affect the transparency and the working of democracy. Economic inequality between different groups can be reduced with proper planning and focusing on educating the poorest sections of society so they can get employed and climb the social ladder. Providing more opportunities for the educated poor can also help reduce inequality.

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