Question

a larger portion of the local total
income is concentrated in the hand
of few
people , Average income fails to reflect real
distribution of
income". How?​

Answer 1

Answer:

Income inequality is an extreme disparity of income distributions with a high concentration of income usually in the hands of a small percentage of a population. When income inequality occurs there is a large gap between the wealth of one population segment compared to another. There can be varying types of income disparity segregations and analysis used to understand income inequality.

Explanation:

Answer 2

Explanation:

larger portion of the local total

income is concentrated in the hand

of few

people , Average income fails to reflect real

distribution of

income". How?