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Definition of Income inequality

Income inequality Definition from Encyclopedia Dictionaries & Glossaries
English Wikipedia - The Free Encyclopedia
Economic inequality, also known as income inequality and wealth inequality, is the difference found in various measures of economic well-being among individuals in a group, among groups in a population, or among countries. Economists generally focus on economic disparity in three metrics: wealth, income, and consumption. The issue of economic inequality can be relevant to notions of equity, equality of outcome, and equality of opportunity.

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