relative deprivation

noun Sociology.
the perception of an unfair disparity between one's situation and that of others.

Origin:
1945–50

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
But the bank might do more harm than good if it shifted focus from absolute poverty to relative deprivation.
In short, income distribution serves as a measure of the burden of relative deprivation and its social consequences.
The author examines the causes of delinquency in terms of social control, strain, and relative deprivation theories.
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