Description
use one of the sub-sections NOT discussed in class (specific sub-sections will be designated as "available" for this assignment), answer the questions presented in the text at the end of the selected sub-section.
Provide a brief narrative that summarizes the facts of the sub-section chosen and highlights the ethical challenge presented. Answer the questions presented, and analyze the issues of the facts and questions in the sub-section.
Submit your answer and analysis, be certain to provide support for your answers and analysis with sources beyond your own experience in APA format (cover page, running header, page numbers, in-text citations, references, all double-spaced and in Times New Roman font).
Your submission should be at least 6 pages total (cover, four-plus pages of text answer & analysis, reference page).
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Explanation & Answer
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Running Head: ECONOMIC INEQUALITY
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Economic Inequality
Name
Affiliation
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ECONOMIC INEQUALITY
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Introduction
History of past and modern societies has long indicated the existence of economic
disparity in various contexts. Thus it has been described as a natural phenomenon in the markets
of any given economy where wealth accumulated by either individuals or states is based upon
the numerous talents of the individuals and attitudes towards works. In the academic context, it is
often argued that increase in inequality in a given community negates a negative impact on the
working of capitalist based economies that created huge benefits to governments and individuals
globally (Ste´phane et al. 2015). On the same plane is the view that economic inequality
misplaces the whole context thus evading the real issue of poverty. Consequently, the question of
inequality in itself is independent and what influence do individuals have towards this socialeconomic aspect. This paper analyses economic inequality in the eyes of four average citizens
and their role in decreasing this gap.
The four individuals are described to have more than comfortable lives. All are self employed; their ventures in capitalist system are successful together with their families. The
individuals can thus be described as wealthy since they display the power distance belief and
charitable giving ideologies. In this case, the power distance belief is shown through their
mannerism as well as their opinions. The context offered offers an observation that this person
can afford leisure time at their own expense through their own established hierarchies they are
prospering. Power distance belief is not purely psychology in this ...