Changing Role of Gender in Economic Theory

The term ‘gender’ is usually used to mean the differences between sexes/However, more than just physical differences, women are exposed to several prejudices caused by social, political and economic conditions. This brings into focus the important distinction between sex and gender. Whereas the term sex refers to the biological differences between males and females, the term gender, on the other hand, refers to the social, political and economic handicaps that a culture/society constructs on the basis of actual or perceived differences between men and women.