Keyword Analysis & Research: income inequality in economics definition

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What is the measure of income inequality?

Gini coefficient. In economics, the Gini coefficient ( /ˈdʒiːni/ JEE-nee ), sometimes called Gini index, or Gini ratio, is a measure of statistical dispersion intended to represent the income or wealth distribution of a nation's residents, and is the most commonly used measurement of inequality.

What country has the most income equality?

Honduras and Guatemala have the most income inequality, according to the World Bank. Income inequality has also soared in the former Communist countries of Russia and China, as they shifted to market economies. Russia is only slightly better than the U.S., while China has become more unequal.

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