I also believe it is increasing because in our society today we have a lot of social and economic factors going on that is related to this. Socioeconomic is a economic and sociological combined total measure of a person 's work experience also there individual or their family’s economic and social position in addition to others, based on their income, as well as their education, and occupation. Socioeconomic is increasing because it basically refers to the less fortunate people .It also is for people in poverty and poor health. It still exists in America today it occurs when any resources are given to society which most likely are going to be distributed unevenly which will lead to this . It may typically go through the norms of allocation, that will engender whole lot of specific patterns along socially undefined categories of Americans .
The model proposes that: at the core, people have a variety of different characteristics, while; at the first level, there are a range of individual lifestyle factors, which are embedded in and affected; at the second level, by social and community networks, and; at the third level, by living and working conditions, such as work environment, education, agriculture and food production, unemployment, water and sanitation, healthcare services, and housing, which are in turn affected; at the fourth level, by broader socio-economic, cultural, and environmental conditions. As mentioned, one of the key problems with evaluating how health inequalities occur in society is that causation can be difficult to establish. When it seems like there is an obvious cause for any given outcome, the situation is usually more complex. However, the Dahlgren and Whitehead (1993) model permits causation to be tracked back to higher causes – known as ‘the causes of causes’ – and eventually to wider socio-economic, cultural, and environmental conditions in every
The three major dimensions of Horizontal Inequality are, as discussed before, Economic, Social, Political. Economic HI would include inequalities regarding distribution of economic resources and inequalities in terms of income. Another aspect of Economic HI is imbalance of employment opportunities. The social dimension of HI would include various social outcomes such as life expectancy, infant and child mortality, educational attainment and access to various services such as Health services, formal education, water supply, sanitation, housing etc. Political HI can be defined in terms of the group members’ political participation in electoral as well as non-electoral politics.
Rent Seeking by an American Economist In the American Economist Joseph Eugene Stiglitz’ essay, ‘Rent Seeking and the making of an Unequal Society,’ he argues, with the help of examples, that most of today’s economic and political problems are caused by the government. He goes in depth to explain why the government policies are a major factor in creating these problems, as well as the market forces itself. In addition to this, he discusses the relationship between income inequality and societal growth, and how rent seeking contributes to it. The following is main ideas from his essay that help to further prove his point of how rent seeking provides for income inequality, as well as how the government policies help in the making of an unequal society. Firstly, because the government policies shape the market forces, they are able to shape the degree of inequality.
Political environment includes laws, government agencies, and pressure group that influence and limit various organizations and individuals in a given society. Economic environment consists of economic factors that affect consumer purchasing power and spending patterns. Social factors include the demographic and cultural aspects of the external macro environment. In which demography is the study of human population in terms of size, density, location, age, gender, race, occupation, and other statistics; cutural environment consist of institution of other forces that affect society’s basic values, perceptions, preferences, and behaviors. Therefore, these factors have an impact on customer’s needs and size of potential markets.
The fiscal policy is primarily an instrument in the hands of the government whereby it estimates its revenues and expenditures in the economy. This is a very important tool as it would define the flow of money from different sources, indicating the level of activity in the economy. It also defines the broad policies of the government indicating the outwards flow of money in to different sectors of the economy to maintain the overall health of the economy and fulfill its social goals. Apart from the fiscal policy every country has monetary policy at its disposal. This is primarily a tool at the disposal of the central bank of a country which uses different tools to manage the macro economic variables of a country to keep the economy stable or to stabilize it in situations of fluctuations.
Differences in the patterns of income distribution between races and genders are central to any explanation of the divergent economic development. Sassen’s argument parallels Tocqueville’s in that the wage-gap between the female/immigrant, industrialized workers and the CEOs is due to income.
Income inequality refers to differences in the distribution of income, meaning the gap of income between the rich and the poor in a nation (Shin, 2012). The level of this inequality depends on many factors, for instance culture, volunteering, the state of the economy,
The Neoclassical theory states that the major cause of migration is different pay and access to jobs even though it looks at other factors contributing to the departure, the essential position is taken by individual higher wages benefit element. The Neoclassical theory involves the macroeconomic and microeconomic aspect. Macro focusing on structural factors and microeconomic focusing on an individual choice to migrate (Weiss, 2003). The macro theory is perhaps the most well-known approach explaining the causes of migration, it came from the theoretical model explaining internal labor migration in light of economic development (Corry 1996, Harris and Todaro 1970). According to the theory assumptions: 1.