Question

what is meant by economic inequality

Answer 1

Economic inequality is the difference found in various measures of economic well-being among individuals in a group, among groups in a population, or among countries. Economic inequality sometimes refers to income inequality, wealth inequality, or the wealth gap. Economists generally focus on economic disparity in three metrics: wealth, income, and consumption.The issue of economic inequality is relevant to notions of equity, equality of outcome, and equality of opportunity.

Economic inequality varies between societies, historical periods, economic structures and systems. The term can refer to cross-sectional distribution of income or wealth at any particular period, or to changes of income and wealth over longer periods of time.

Answer 2

Economic inequality mean inequality assist and income among individuals and groups within the society.