Economic inequality
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| - | "No society can surely be flourishing and happy, of which the far greater part of the members are [[Poverty|poor]] and miserable." --''[[An Inquiry Into the Nature and Causes of the Wealth of Nations]]'' | + | "No society can surely be flourishing and happy, of which the far greater part of the members are [[Poverty|poor]] and miserable." --''[[The Wealth of Nations ]]'' |
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| [[Image:Eugène Delacroix - La liberté guidant le peuple.jpg|thumb|200px|This page '''{{PAGENAME}}''' is part of the [[politics]] series.<br><small>Illustration:''[[Liberty Leading the People]]'' (1831, detail) by [[Eugène Delacroix]].</small>]] | [[Image:Eugène Delacroix - La liberté guidant le peuple.jpg|thumb|200px|This page '''{{PAGENAME}}''' is part of the [[politics]] series.<br><small>Illustration:''[[Liberty Leading the People]]'' (1831, detail) by [[Eugène Delacroix]].</small>]] | ||
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"No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable." --The Wealth of Nations |
Illustration:Liberty Leading the People (1831, detail) by Eugène Delacroix.
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Economic inequality refers to disparities in the distribution of economic assets and income. The term typically refers to inequality among individuals and groups within a society, but can also refer to inequality among nations. Economic Inequality generally refers to equality of outcome, and is related to the idea of equality of opportunity. It is a contested issue whether economic inequality is a positive or negative phenomenon, both on utilitarian and moral grounds.
Economic inequality has existed in a wide range of societies and historical periods; its nature, cause and importance are open to broad debate. A country's economic structure or system (for example, capitalism or socialism), ongoing or past wars, and differences in individuals' abilities to create wealth are all involved in the creation of economic inequality.
There are various Numerical indexes for measuring economic inequality. Inequality is most often measured using the Gini coefficient, but there are also many other methods.
See also
- Equal opportunity
- Inequality-adjusted Human Development Index
- Income distribution
- Income inequality in the United States
- List of countries by income equality
- Occupy movement
- Plutocracy
- Poverty and Cycle of poverty
- International inequality
- Economic results of migration
