But the education situation in Pakistan is very unhappy. The less education make our country unable to deal with the challenges of this modern century. Over population: The growth rate of Pakistan is becoming very high. There are very limited resources in the Pakistan. Unemployment: The biggest problem Pakistan facing is the unemployment.
Pakistan is facing many challenges from the lack of access to basic health care services, to poverty, illiteracy, women’s low status, unhygienic water supplies and sanitation and the most important problem Pakistan is facing is unemployment. Pakistan has one of the highest unemployment rate in the world. According to UN Pakistan has approximately 5.8% unemployment rate. The unemployment rate in Pakistan is increasing and due to increasing amount of unemployment many crime takes place, Pakistan has a lot of natural resources but due to poor governance we can’t use them with full potential. You can find many educated people for example doctors, engineers and graduates roaming around for job in Pakistan but couldn’t find a job worth their education.
Introduction Economic inequality, described as the gap between rich and poor, income inequality, wealth disparity, wealth and income differences or wealth gap.It is the state of affairs in which assets, wealth, or income are distributed unequally among individuals in a group, among groups in a population, or among countries. The issue of economic inequality can implicate notions of equity, equality of outcome, equality of opportunity, and even life expectancy. Opinions differ on the importance of the concept of economic inequality and its effects. Some studies have emphasized inequality as a growing social problem. While some inequality promotes investment, too much inequality is destructive.
Income inequality is one of the big issues in 21st century. Unequal distribution of income in society is considered to be an obstacle to economic growth. The income allocation of a country’s population can be measured by a Gini coefficient. The value of Gini coefficient can be between 0 and 1 and used to define the income gap between the rich and the poor. The value 0 shows perfect equality and value 1 illustrates perfect inequality.
One of the most contentious issues of modern society relates to income inequality in different aspects, especially in education, which is widening day after day. Economic inequality is a great difference in the distribution of riches in a society. There are many ways how to measure a disparity but the Gini coefficient is the most popular (OECD social indicators, 2011). According to the World Bank, that index “measures the extent to which the distribution of income or consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution”. Moreover, income inequality has increased sharply in the last 30-40years, where high-income and low-income families made a huge gap.
Education is an important factor to society especially in acquiring of jobs. The famous conception about education to employment is that, the higher the educational attainment then the higher the income it is. However, there are some factors that lacks people to access education. This literature gives different sides in adapting the theil index in the relationship between the income distribution and education inequality. There were only limited economic literatures that studied the effects of the distribution of educational attainment.
Income inequality is refers to the unequal distribution of household and individual income in an uneven manner among a population. From the year of 1980 to 2010, we found that the United States has a relatively high level of income inequality which it faced the greatest economic challenge in the over past decades, the economic pie has indicates that there are a relative gap between the richest people and the poor people in the country. Income inequality has surged as an economic and political issues that leads inequality has poses a major threat in the global issues. Besides, Income inequality has become progressively obvious since in the year of 1980. For example, the distribution of income had 30 to 35% of national income going to the top 10% of earners, the top 10% earners has increased to the 50% , which create a huge gap between the high income workers and low income workers.
Pakistan has a population of 180.8 million, of whom 43.6 percent are children aged less than 18 years and 28.6 percent are children aged 5–14 years. It has a score of 0.504 on the Human Development Index, ranking it 145th of 187 countries. It is considered as a low human development country, with an insignificant per capita GDP of US$ 2,686 and a real GDP of US$ 1,254 in 2010/11. The urban population accounts for 36.2 percent of the total population. (UNICEF, 2013).
Bibliography Iqbal, Muhammad Journal of Research and Reflections in Education June 2012, Vol.6, No.1, pp 40 -49 http://www.ue.edu.pk/journal.asp Farooq R. A. 1994. Education System in Pakistan. Asia Society for Promotion of Innovation and Reforms in Education, Islamabad, Pakistan. pp.
In the last 50 years, agriculture is considered to be the main reason for Pakistan's economic development. More than 60% of Pakistan's population is dependent on agriculture for their livelihood. The importance of agriculture in economic development 1- The increase in per capita income Per capita income is the annual income of a country. Because many unemployed people find work