INCOME INEQUALITY AND ITS IMPLICATIONS FOR ECONOMIC GROWTH AND STABILITY

Abstract

This review research paper critically examines the multifaceted relationship between income inequality and its repercussions on economic growth and stability. With an increasing global concern surrounding the rising levels of income disparity, this study synthesizes and analyzes existing literature to elucidate the complex dynamics at play. The paper begins by delving into the various factors contributing to income inequality, encompassing technological advancements, globalization, and institutional frameworks.