Proposal on Effect of Changes in Foreign Currency on Consolidating Financial Statements

In: Asian journal of humanities and social studies: AJHSS, Band 7, Heft 6

Abstract

The aim of the study is to identify the financial implications that is arise from the economic inequality. In this aspect, it has been identified that Economic inequality refers to unequal distribution of wealth among different groups and communities in a society. In addition to this, it leads to generation of income gaps in a society, which as the phrase of rich get richer while the poor get poorer. In relation to this, the applied method of this research is qualitative research, which is used for collecting and analyzing information of the research. The collected data of this research include different secondary sources, which include published data, journal articles and books. The primary objective of this study is to determine the extent to which the financial consequences has been developed with economic inequalities. Moreover, the finding of this study identifies that there is significant impact of economic inequality on financial implications. Furthermore, a finding of the study reflected that economic inequality has been developed with multiple factors that are affecting overall economy.