Inequality of Income and Wealth
Economics ⇒ Poverty and Inequality
Inequality of Income and Wealth starts at 10 and continues till grade 12.
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Define income inequality.
Describe one method used to measure wealth inequality.
Describe the impact of gender inequality on income distribution in India.
Describe the relationship between economic growth and income inequality.
Describe two ways in which government policies can reduce income inequality.
Explain how land reforms can help reduce wealth inequality in India.
Explain how unequal access to education can lead to income inequality.
Explain the concept of 'relative poverty' in the context of income inequality.
Explain the difference between income and wealth.
Explain the term 'asset ownership' in the context of wealth inequality.
Explain why rural-urban divide contributes to income inequality in India.
If the Lorenz curve coincides with the line of equality, what does it signify?
Suppose in a country, the richest 10% of the population owns 60% of the wealth, while the poorest 50% owns only 5%. What does this indicate about wealth inequality in the country?
What does a Gini coefficient of 0 indicate?
What is meant by the term 'progressive taxation'?
