What is the maldistribution of wealth and income?

The maldistribution of wealth and income refers to the unequal allocation of financial resources among individuals or groups within a society. This disparity can lead to significant social and economic inequalities, where a small percentage of the population controls a large portion of resources, while others struggle with poverty and limited access to opportunities. Such imbalances can hinder economic growth, exacerbate social tensions, and limit social mobility. Addressing this issue often involves policy interventions aimed at promoting fairer distribution practices.