what do you mean by different forms of diversity and inequility
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Diversity means having a heterogeneous population with different preferences, different backgrounds, different skills. Diversity is good for an economy, creating more opportunities to exploit comparative advantages. Inequality means having a heterogeneous set of economic outcomes, like income, wealth, or consumption.
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A population of people of various races, ethnicities, religions, skintones, economic classes, etc. would be considered diverse. Inequality can be described in terms of the degree of difference between things (usually [but not always] along a particular scale, like wealth, privilege, shade of color, etc.).
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