1 point
19. Economic inequality is the
result of modernization
true
False
Answers
Answer:
There are a wide variety of types of economic inequality, most notably measured using the distribution of income (the amount of money people are paid) and the distribution of wealth (the amount of wealth people own). Besides economic inequality between countries or states, there are important types of economic inequality between different groups of people.[2]
Differences in national income equality around the world as measured by the national Gini coefficient as of 2018.[1] The Gini coefficient is a number between 0 and 100, where 0 corresponds with perfect equality (where everyone has the same income) and 100 corresponds with absolute inequality (where one person has all the income, and everyone else has zero income).
Wealth disparity in major cities
Skid row tents
Tents of the homeless on the sidewalk in Skid Row, Los Angeles
a Beverly Hills mansion
An affluent house in Holmby Hills, Los Angeles, only miles from downtown (above)
Important types of economic measurements focus on wealth, income, and consumption. There are many methods for measuring economic inequality, with the Gini coefficient being a widely used one. Another type of measure is the Inequality-adjusted Human Development Index, which is a statistic composite index that takes inequality into account.[3] Important concepts of equality include equity, equality of outcome, and equality of opportunity.
Research suggests that greater inequality hinders economic growth, with land and human capital inequality reducing growth more than inequality of income.[4] Whereas globalization has reduced global inequality (between nations), it has increased inequality within nations.[5]
Measurements
Various proposed causes of economic inequality
Mitigating factors
Effects
Perspectives
Policy responses intended to mitigate
See also
References
Further reading
External links
Last edited 7 days ago by C.J. Griffin
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Answer:
true
Explanation:
economic inequality is the result of modernization