Wealth in Europe is more concentrated, as wealth in all capitalistic countries are (European countries are mainly capitalist).
It is less concentrated than in the USA, but more concentrated than in Europe.
Wealth in Europe is more concentrated, as wealth in all capitalistic countries are (European countries are mainly capitalist).
concentrated
anyone know? yes the answer is wealth should be spread evenly over all
Wealth in Latin America is generally concentrated in the hands of a small percentage of the population, leading to high levels of income inequality in many countries in the region. This concentration of wealth can contribute to social unrest, economic instability, and limited opportunities for many individuals and families. Efforts to address this issue, such as policies to promote social equity and sustainable development, are ongoing in many Latin American countries.
Wealth in Australia is concentrated, with a significant portion held by a small percentage of the population. The top 20% of households own over 60% of the nation's wealth, while the bottom 20% hold less than 1%. Although there are measures in place to promote economic equality, disparities in income and wealth distribution persist, particularly in terms of property ownership and investment. Overall, this concentration of wealth contributes to ongoing discussions about economic inequality and social equity in the country.
Wealth in China is largely concentrated, with a significant disparity between the rich and poor. The country's rapid economic growth has led to the emergence of a substantial wealthy elite, particularly in urban areas, while many rural populations continue to face poverty. Despite government efforts to promote inclusive growth and reduce inequality, the gap remains pronounced, highlighting the challenges of achieving more equitable wealth distribution.
Yes, there is lots of wealth in Europe.
If the revolution spread across Europe, kings, noblemen, aristocrats, etc, would lose power and wealth. They did not want to lose their influence on their countries so they banded together to fight the spread of revolution.
Roughly speaking due to Guanxi, it is actually concentrated in the hands of "a relatively few" individuals.
Mahmud Ghaznawi attacked India to spread Islam and not to loot wealth. Of course, his army did loot the wealth.
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