The unequal distribution of wealth, power, and prestige on a global basis, resulting in people having vastly different lifestyles and life chances both within and among the nations of the world, is referred to as

It is referred to as Core Nations.

Explanation:

In the Worlds System Theory, Core Nations refer to those industrialized, more developed countries. This demonstrates the unequal distribution of wealth and is a way of understanding the difference between First, Second and Third World countries.

This is on a global basis and different lifestyles can be seen within each nation. Think about the life differences between South Korea and Brazil, for example.

Core Nations

Explanation:

The unequal distribution of wealth, power, and prestige on a global basis, resulting in people having vastly different lifestyles and life chances both within and among the nations of the world, is referred to as core nations

Core nations are wealthy, industrialized countries that other less-developed countries countries depend on. Core nations are known for a few distinct traits and having a wide variety of resources at their disposal. These nations have strong militaries, powerful alliances throughout the world, and control the global market. Residents of core nations are also thought to be the wealthiest and more educated than people in less-developed nations. Core nations are known to have certain powers over other countries when it comes to the economy, politics, and the military.