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?

Research has revealed that rift between the wealthy and financially weak class of society is expanding.

This

essay will

initially

explore the negative issues associated with

this

trend and in the latter part, considerable solutions will be discussed.

To begin

with, a large gap between the rich and low-income families in society creates an imbalance which could possibly be a factor for the rise of crime and violence. To elaborate, if the phenomenon of rich getting richer and poor getting poorer continues to be in a nation

then

the people living below the poverty line could opt for the illegal acts

such

as robbery, kidnapping, corruption etc.

Moreover

, it can lead to destabilization of the country if the people revolt against the governments.

For example

, in Nigeria, the inflammation in the economy increased so much that some people revolted against the government which ultimately led to a civil war. Considering the above issues, we can think of some feasible solutions,

firstly

, governments should encourage people to start small scale ventures and

secondly

, there should be some schemes and policies that will enhance the growth of the small-scale industries in the region. To

further

explain, if the low budget trade establishments are given proper care,

then

it could lead to the booming of the industrial sector in the country,

hence

increasing the living standards of the common people by providing jobs and business opportunities.

For instance

, governing bodies in our state started various programs focusing on youth to have their own startups and surprisingly, it proved to be a constructive step as numerous people got livelihood. To conclude, the enlarging void between the financially sound and weak section of the community can have a negative impact on its governance establishment as well as it could give birth to a number of outlaws. Despite

this

increasing detrimental issue, there are several measures that policymakers can take

such

as entrepreneurship development programs and subsidies on business loans to tackle it.