Inequality And Wealth Distribution Questions
Economic mobility refers to the ability of individuals or households to move up or down the economic ladder over time. It measures the extent to which people can improve their economic status, typically measured by changes in income or wealth. Economic mobility can be influenced by various factors such as education, skills, social networks, access to opportunities, and economic policies. It is an important aspect of a society's overall economic health and can impact social mobility, equality, and overall well-being.