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Reaction about the challenges and impact of division between the rich and poor countries all over the world in terms of governance in social, economic, and political aspects.

Sagot :

Answer:

Effects of income inequality, researchers have found, include higher rates of health and social problems, and lower rates of social goods, a lower population-wide satisfaction and happiness and even a lower level of economic growth when human capital is neglected for high-end consumption.

Acknowledged factors that impact economic inequality include, but are not limited to:

Inequality in wages and salaries;

The income gap between highly skilled workers and low-skilled or no-skills workers;

Wealth concentration in the hands of a few individuals or institutions;

Labor markets;

Globalization;

Explanation:

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