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Explain what is meant by inequality in income and wealth

      

Explain what is meant by inequality in income and wealth

  

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Lydia
When economists talk about income inequality they are normally referring to how a nation’s total income is distributed unequally amongst its population. However it can also be used to describe the differences in income levels between countries. Wealth inequality, on the other hand, refers to the unequal distribution of assets among the residents of a country. Wealth includes the value of assets such as houses, personal valuables, businesses, savings and investments
lydiajane74 answered the question on July 4, 2018 at 09:49


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