Before discussing how and why to reduce inequalities. You should be aware of What inequality is?
Inequality is a type of situation where people are not considered equal parts. They are discriminated against in certain things/areas.
The concept of inequality is really vast and complicated and inequality is not only restricted to one country. It is spread in most of the countries and Here are the 5 types of inequalities that should be banished from society-
Social Inequality-
It occurs when society discriminates on the basis of certain things for example gender, age, sexual orientation, religion, etc. In India, Social Inequality occurs the most and it should be reduced slowly and gradually from our society in order to promote awareness and love.
Economic Inequality-
This is the most common form of inequality because it occurs due to uneven income and other opportunity distribution amongst people of society. Economic Inequality is the main reason for poverty and it causes economic crisis as well.
Income Inequality-
There is a serious income disparity by the uneven distribution of income amongst poor and rich people. It creates a large income gap between different sectors of people. These things often affect the growth of the country the people are living in. Inequality should be reduced by the proper distribution of income amongst people.
Wealth Inequality-
Wealth Inequality is known as the wealth gap or you can say the unequal distribution of assets among the residents. It is a major economic as well as social problem that creates issues in society. The focus should be on reducing this inequality as it affects the growth of every country in the long run.
Political Inequality-
Political Inequality impacts major policies and decisions, it basically monitors how democratic and political policies are impacted. The government policies and decisions are not proper which causes problems and people having more political power often take advantage.