It is at the mouth of the Mississippi River
Woodrow Wilson went to collage in Virgina
India is suddenly in the news for all the wrong reasons. It is now hitting the headlines as one of the most unequal countries in the world, whether one measures inequality on the basis of income or wealth.
So how unequal is India? As the economist Branko Milanovic says: “The question is simple, the answer is not.” Based on the new India Human Development Survey (IHDS), which provides data on income inequality for the first time, India scores a level of income equality lower than Russia, the United States, China and Brazil, and more egalitarian than only South Africa.
According to a report by the Johannesburg-based company New World Wealth, India is the second-most unequal country globally, with millionaires controlling 54% of its wealth. With a total individual wealth of $5,600 billion, it’s among the 10 richest countries in the world – and yet the average Indian is relatively poor.
Compare this with Japan, the most equal country in the world, where according to the report millionaires control only 22% of total wealth.
In India, the richest 1% own 53% of the country’s wealth, according to the latest data from Credit Suisse. The richest 5% own 68.6%, while the top 10% have 76.3%. At the other end of the pyramid, the poorer half jostles for a mere 4.1% of national wealth.
What’s more, things are getting better for the rich. The Credit Suisse data shows that India’s richest 1% owned just 36.8% of the country’s wealth in 2000, while the share of the top 10% was 65.9%. Since then they have steadily increased their share of the pie. The share of the top 1% now exceeds 50%.
This is far ahead of the United States, where the richest 1% own 37.3% of total wealth. But India’s finest still have a long way to go before they match Russia, where the top 1% own a stupendous 70.3% of the country’s wealth.
The majority of appointed U.S. Treasury secretaries have been either former partners or managers of Goldman Sachs, a global investment management firm. Sociologists would argue that this overlap between private business and the federal government is an example of the power elite.
Answer: Option A
<u>Explanation:</u>
Elite are the people who are rich in terms of wealth and have lots of assets with them in the form of land, gold and many more. They also have power and control in their hands because of the money and wealth they possess.
Since most of the secretaries who are a part of the treasury of the United States of America, are from category of rich and elite people, there fore it is known as the power elite.
Answer:
A. high; high
Explanation:
Attribution is a theory that explains people's motivation to attach a cause to a behaviour. External attribution or situational attribution is a type of attribution that suggests individuals attribute the cause of an event to external factors such as the situation surrounding a given entity that brings about a certain response from that entity.
When distinctiveness is high, consensus is high and consistency is high, people tend to attribute the cause of a behavior to external factors-external attribution.
