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The process in which the rich grew richer & many of the poor stagnated or grew poorer is known as ______
  • a)
    Differentiation
  • b)
    Globalization
  • c)
    Land Reforms
  • d)
    Green Revolution
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
The process in which the rich grew richer & many of the poor stagn...
Rich-Poor Disparity: Differentiation
Differentiation refers to the process in which the rich grow richer while many of the poor stagnate or grow poorer. This phenomenon can be seen in various societies across the world and has significant social and economic implications.

Factors Contributing to Differentiation
- **Economic Policies:** Economic policies that favor the wealthy, such as tax breaks for the rich or subsidies for corporations, can contribute to the widening gap between the rich and the poor.
- **Education Disparities:** Lack of access to quality education and skills training can limit the ability of the poor to improve their economic status, while the rich have greater access to resources and opportunities.
- **Inheritance and Wealth Accumulation:** Inheritance laws and systems that enable the transfer of wealth from one generation to another can perpetuate inequality, as the rich pass down their assets to their descendants.
- **Globalization:** Globalization has led to the concentration of wealth in the hands of a few multinational corporations and wealthy individuals, exacerbating the rich-poor divide.

Impacts of Differentiation
- **Social Unrest:** Widening economic disparities can lead to social unrest and instability, as marginalized groups feel increasingly disenfranchised and marginalized.
- **Health Disparities:** The poor often have limited access to healthcare and nutritious food, leading to health disparities and higher rates of chronic diseases.
- **Political Instability:** Inequality can undermine democratic institutions and lead to political instability, as disenfranchised groups may feel alienated from the political process.

Addressing Differentiation
- **Redistribution Policies:** Implementing policies that redistribute wealth and resources can help to reduce economic disparities and promote social equity.
- **Education and Skills Training:** Investing in education and skills training programs for the poor can help to empower individuals and improve their economic prospects.
- **Progressive Taxation:** Implementing progressive tax policies that require the wealthy to pay a higher percentage of their income in taxes can help to reduce income inequality.
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The process in which the rich grew richer & many of the poor stagnated or grew poorer is known as ______a)Differentiationb)Globalizationc)Land Reformsd)Green RevolutionCorrect answer is option 'A'. Can you explain this answer?
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