Income inequality refers to an uneven distribution of income across a population. In an economy with high income inequality, a large share of the total income is received by a small percentage of the population.
Picture a pizza (representing total wealth) being divided among friends. If one person gets half the pizza while others only get a single slice each, that's like income inequality - some people have much more than others.
Wealth Distribution: The comparative amounts of money, property, and other assets that individuals or groups control within a society.
Poverty Line: The minimum level of income deemed adequate in a particular country.
Gini Coefficient: A statistical measure of economic inequality in a population, ranging from 0 (perfect equality) to 1 (maximum inequality).
What are some measures that can be taken to promote gender equality and reduce income inequality?
Which form of governance would most effectively address income inequality, considering spatial distribution and economic activities across various regions?
Which factor most significantly contributes to increasing income inequality observed in globalized cities?
How do global cities affect income inequality?
How can the expansion of the Quinary economic sector contribute to decreasing income inequality?
Which strategy could effectively reduce the income inequality caused by global trade?
What is one main reason for income inequality within countries?
How has the world economy impacted income inequality between different regions globally?
How does global economic integration impact income inequality within countries?
How does high income inequality within a country impact its sustainable development?
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