The definition of inequality is often difficult to pin down, because it’s a subjective and complex concept.
Some scholars use the term “inequality” as a synonym for “class” or “wealth,” but that usage has been criticized by economists, sociologists, and others who believe the term is misleading and has been used to describe disparate levels of economic and political power and status.
The definition is a broad one, and it includes economic and other disparities, as well as social inequalities.
The United States is a rich country, but the United States does not have the same economic or social inequality as the rest of the world, according to the U.S. Census Bureau.
A recent study by researchers at Oxford University and Harvard University concluded that the United Kingdom, Canada, and Australia all had comparable levels of inequality, but there was an uneven distribution of income and wealth across the countries.
What does the term inequality mean?
According to the Oxford Dictionary, the term refers to inequality in social status or economic power.
“Inequity in social position is the degree of inequality in status, income, or wealth which is generally unequally distributed in a society,” according to dictionary.com.
The dictionary defines “inequity” as “a situation of unequal economic and social conditions.”
However, there are many different ways of defining inequality.
According to a 2010 study by economists at Cornell University, the word “informal inequality” is used more often than “absolute inequality” and refers to the difference in relative or absolute economic and income distribution of people.
“Wealth inequality is the difference between the income or wealth that is the property of a single person, rather than of the entire society,” the Cornell study stated.
According the Harvard study, “absolute inequalities are defined as the gap between the total income or capital generated by one person versus that of the total population.”
There are also “social inequalities” which include the unequal distribution of educational and employment opportunities.
“Social inequality refers to unequal distribution and inequality in terms of opportunities, benefits, and opportunities for people to contribute to society,” Harvard University explained.
Other definitions of inequality include the concept of “wealth and income inequality,” which refers to how much wealth or income is concentrated in a given group of people and how much of it is in the hands of a handful of individuals, according the Oxford dictionary.
According another definition, the U, S., and M economies are all comparable in the terms of wealth, but in some ways, the United S. economy is richer than the U and M countries, while in others, the economy is poorer.
“Some countries have economies of scale in terms a greater degree of government spending, less debt, and lower taxes, while other countries have a much smaller state and a smaller government,” according the Harvard dictionary.
However, “the U.K., Australia, and New Zealand all have very different economic systems,” according Harvard University.
The University of Chicago defines “economic inequality” as inequality in the distribution of wealth and income, according The Economist.
According The Economist, “economic equality” refers to “the difference in distribution of economic activity between individuals, families, and firms, in terms, for example, of the proportion of total income, capital, or real wages which is earned by one class of people over another.”
According to Harvard, “most economists believe that economic inequality is largely driven by unequal wealth distribution, rather in terms the extent to which wealth is concentrated.”
What is wealth inequality?
Wealth is a term used to define how much income or assets a given person has, according dictionary.
“The word wealth is used to refer to the aggregate amount of money or assets that one person owns or controls,” according dictionary, adding that the term has been around for hundreds of years.
Wealth is often used as a measure of relative or relatively unequal distribution in a particular area of society.
Wealth may be defined by the amount of real estate or other assets held by a person, or by the total amount of wealth owned by a single individual, or it may be measured by a percentage of the overall wealth of a particular country.
Wealth inequality can be measured in various ways, such as the difference, or proportion, of wealth held by one group of individuals versus another.
“There are a variety of different ways in which wealth inequality is measured,” according The Chicago Council on Global Affairs.
“It is also measured in terms in terms as to the extent that wealth is distributed unequally, and how it is distributed,” according diction.com, adding, “There is no simple measure of wealth inequality, as there are different types of wealth that may or may not be distributed unequably.”
According The Washington Post, the concept “inclusive wealth” refers “to wealth held in a person’s own name, with an expectation of a greater share of that wealth going to him or her,” which can be used to measure inequality in wealth.
According dictionary.org, the definition of “inclusion”