Studies have shown that in many countries the income gap between the rich and poor is ever increasing. What problems can arise from this situation and what could be done to address this situation?

In recent reports published by experts, it is observed that there is huge variance in income among the people in the community. The main reason for

this

is highly increasing unemployment and market saturation.

This

essay will discuss the potential complications, which may arise if the compensation gap is not overcome within the society,

also

it would discuss probable solutions to maintain the economic balance in the nation.

To begin

with, the dilemma of the income gap will lead to birth of criminal activities for earning a living.

In addition

, it will

also

result in physical and mental exploitation of

the weaker

Suggestion

the weak

and helpless people in society.

Moreover

, Children of the impoverished community would be deprived of quality education, which will elevate illiteracy and will mitigate job opportunities.

Although

, the issues are critical, the authorities can take some measures to overcome the economic gap by providing various schemes which may lead to employment among the needy people in the community.

For example

, the Government can grant funds for a new start up of business at a low interest rate with

long

Suggestion

longer

term repayment option to make them self independent. Scholarship, along with reservation to the deserving candidate should be encouraged in premium institutes, so that these aspirants can get quality education and can improve their standard of living. Apart from

this

, Subsidized medical treatment should be provided to people so that the standard of life can be improved. To conclude, the disparity between the wealthy and needy is increasing, but

this

can be controlled or minimized

,

Accept space

,

if the ministry uses the political will power to address these issues.