Is Economic Inequality Good? Business & Marketing Essay

Economic Inequality is Bad
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Economic Inequality is Bad
In many parts of the world, there is an exponential growth of the gap between the rich and the poor. Due to the increasing inequalities, people are suffering from many ills that are caused by wealthy people. In my opinion, I believe that inequality is not suitable for society. The rising rates of inequality lead to the monopolization of markets. This is the basis for the exploitation of poor people through unfair pricing or policies. Another reason that makes inequality bad is the employment of poor people under poor wage bills. When the job market has been monopolized by a few corporations owned by the rich, poor people will work in these organizations and be compensated for low wages. This is the compa...