3.4.2—Economic inequality

Syllabus
First assessment 2022
Objective
3.4.2
Level
HL

3.4.2 — Economic inequality

Economic inequality is an uneven distribution of income, wealth or opportunity across people or groups.

The choice of measure and unit—household, individual, pre- or post-tax—changes the comparison.

Define the resource, population and time period before interpreting inequality.

Two countries can have the same mean income but different distributions.

Inequality is not identical to poverty.