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 how the Lorenz curve is used to measure inequality.
Describe one way in which discrimination can lead to income inequality.
Describe one way in which government expenditure on health and education can reduce income inequality.
Describe the relationship between economic growth and income inequality.
Explain how access to credit can influence income and wealth inequality.
Explain how progressive taxation can help reduce income inequality.
Explain how unequal land distribution contributes to wealth inequality in India.
Explain the difference between income and wealth inequality.
Explain the impact of unequal access to education on income inequality.
Explain the role of land reforms in reducing wealth inequality in India.
Explain the term 'poverty trap' in relation to income inequality.
Explain the term 'trickle-down effect' in the context of income inequality.
Name one government scheme in India aimed at reducing income inequality.
State one policy measure that can reduce income inequality.
State one reason why wealth inequality tends to be higher than income inequality.
State whether the following is a cause or effect of income inequality: 'Limited access to healthcare.'
What is the main difference between absolute and relative poverty?
