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Bridging the Divide: How Knowledge Gaps and Information Asymmetries Perpetuate Wealth Inequality

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Knowledge gap

  1. You can understand the knowledge gap by learning about the difference in communication skills of people. For example, you do not read and comprehend the NASA tutorials because they require a certain level of comprehension skills. Similarly, many people exist in our society that belong to specific technology and lack the knowledge of other technology.
  2. The existing knowledge reserves are not enough to deal with the changing environment. If you collect more knowledge, you will be responding faster and able to master new things rapidly.
  3. In a normal city, there are many areas where the different communities of the city have wider social communication gaps.
  4. Every person has their psychological mechanism, like specific exposure, memory, or acceptance. The closer to the standard technologies around him, the better his life. If a person lacks a lifestyle, it means he has a big knowledge gap.
  5. In our digital world, self-media and mass communication media disseminate information with a certain depth that only those people understand who have specific levels of knowledge.
  6. Scholars produce content that is consumed by those people who have a higher…

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