Economic inequality  

From The Art and Popular Culture Encyclopedia

Jump to: navigation, search
Pyramid of Capitalist System, anonymous American cartoon (1911)
Enlarge
Pyramid of Capitalist System, anonymous American cartoon (1911)
This page Economic inequality is part of the politics series.Illustration:Liberty Leading the People (1831, detail) by Eugène Delacroix.
Enlarge
This page Economic inequality is part of the politics series.
Illustration:Liberty Leading the People (1831, detail) by Eugène Delacroix.

Related e

Google
Wikipedia
Wiktionary
Wiki Commons
Wikisource
YouTube
Shop


Featured:
Train wreck at Montparnasse (October 22, 1895) by Studio Lévy and Sons.
Enlarge
Train wreck at Montparnasse (October 22, 1895) by Studio Lévy and Sons.

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




Unless indicated otherwise, the text in this article is either based on Wikipedia article "Economic inequality" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on original research by Jahsonic and friends. See Art and Popular Culture's copyright notice.

Personal tools