Inequality And Wealth Distribution Questions
Economic inequality refers to the unequal distribution of wealth, resources, and opportunities among individuals or groups within a society. It is a measure of the disparities in income, assets, and access to basic necessities such as education, healthcare, and housing. Economic inequality can be measured through various indicators, such as the Gini coefficient, which quantifies the income or wealth distribution within a population. This concept highlights the disparities in economic well-being and the concentration of wealth in the hands of a few, while others struggle to meet their basic needs. Economic inequality can have significant social and political implications, as it can lead to social unrest, hinder economic growth, and perpetuate cycles of poverty and disadvantage.