WORLD HISTORY

Detailed explanation-1: -Equal wealth distribution would refer to wealth being divided equally between states or between individuals but may also be applied to smaller scenarios such as small-scale projects or ownership and control over small-scale income generating activities.

Detailed explanation-2: -The richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today. During the past decade, the richest 1 percent had captured around half of all new wealth.