Question

Define inequality distinguishing it between ‘inequality in outcome’ and ‘inequality inopportunity’

17 Jul 2025
Answer :
Word Count : 472
Inequality refers to the uneven distribution of resources, wealth, income, access to education, healthcare, and other essential services within a society. It is a key concern in the study of the Indian economy because it reflects disparities not only in economic status but also in the ability of individuals and communities to improve their socio-economic position over time. In economic terms, inequality undermines growth potential, weakens social cohesion, and perpetuates poverty. Broadly, inequality can be classified into two major categories: *inequality in outcome* and *inequality in opportunity*. Inequality in outcome refers to the unequal _______ _____ ___ ____ ___ ______ _________ ______ __________ __________.
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