State The Types of ECONOMIC EQUALITY in India.
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Economists talk about two types of economic inequality: wealth and income inequality. Income inequality looks at how big the differences in what people get paid are in the economy.¹ Income can means wages, but also all the earnings people make from owning shares, rent and profits from selling companies.
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Economic equality in India ..
- income inequality.It is the extent to which income is distributed unevenly among the people.
- pay inequality .The person's pay is different to their income
- wealth inequalities
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