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

Answer:

1. Per Capita income and population growth:

(i) Per Capita income and population growth affect in the economic disparity in the world. As we know that high per capita income and low population growth make rich countries or rich social groups get richer.

(ii) On the other hand, per capita low income and high population growth reinforce each other to make poor countries and poor groups get poorer.

2. Two ways to reduce Economic Disparity:

(i) To reduce economic disparity between the poor and the rich at the global level, countries affected by this economic disparity will have to slow down population growth and raise incomes.

(ii) Countries hit by the economic disparity will have to use their available resources judiciously. They will have to strengthen their political, economic, social, cultural and demographic structures as to a bridge the gap of economic disparity.