Review:
Income Inequality
overall review score: 2.5
⭐⭐⭐
score is between 0 and 5
Income inequality is the unequal distribution of income among individuals in a population.
Key Features
- Gini coefficient
- Wealth gap
- Poverty rates
- Social mobility
Pros
- Can create motivation for individuals to work harder
- Can incentivize innovation and entrepreneurship
Cons
- Can lead to social unrest and instability
- Can perpetuate cycles of poverty