– Refers to a situation or condition where all of the citizens of a particular country are equally wealthy.
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There are wide varieties 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]
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- EQUITY OR ECONOMIC EQUALITY Refers to a situation or condition where all of the citizens of a particular country are equally wealthy.
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