3.4.2—Economic inequality
- Syllabus
- First assessment 2022
- Objective
- 3.4.2
- Level
- SL
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.