How do per capita income and population growth affect the economic disparity in the world? Suggest any two ways to reduce economic disparity between the poor and rich at the global level.

Question

Philoid · Accepted Answer

Per capita income and population growth affect the economic disparity in the world-

(i) If country has high per capita income and low population growth then that country or social group become rich to richer e.g. America.

(ii) If a country has low per capita income and high population growth then that country or social group become poor to poorer e.g. Pakistan.

Two ways to reduce economic disparity between poor and rich and the global level-

(i) To increase the minimum wages in developing and under developing countries.

(ii) Invest in human capital in both the countries.

(iii) Invest in education.