Influence of an extreme inequality of income upon the life quality

Abstract

Historical mission of economy of the XXI century is increase of life quality. Due to this significance of factors that determine life quality increases. Extreme inequality of income becomes a factor of destructive effect, especially recently. In order to analyse influence of inequality of income upon life quality, the article uses a system approach; to detect direct and backward connections between the inequality and life quality – dialectical method; to identify the character of interconnection between the economic growth and inequality and its decomposition into components: positive and excessive – comparative and statistical methods. Extreme inequality requires from scientists and experts to actively search for new mechanisms of fair re-distribution of the economic growth effect. Increase of life quality is impossible without efficient solution of this problem.

Keywords

• extreme inequality
• life quality
• economic growth
• needs
• income