MODELING WEALTH DISTRIBUTION IN A SOCIETY

Abstract

The interconnectedness of social mood, changing dynamics, income inequality, and wealth distribution underscores the complexity of understanding and addressing these issues. This complexity inspires researchers to develop models and conduct further research to gain insights into the mechanisms driving income inequality and wealth distribution. By studying these phenomena more comprehensively, one can aim to develop strategies and policies that promote a more equitable distribution of wealth and opportunities, thereby fostering social stability and economic prosperity. In the present paper, there was build a model on wealth distribution and income inequality to help people understand the complexities of wealth inequality and how economic policies can influence the distribution of resources within a society. By stimulating economic activities and implementing policy interventions, the model provides insights into the factors that contribute to wealth disparities and explores potential solutions for more equitable wealth distribution.