What are the 3 different types of inequality?

There are three main types of economic inequality:

  • Income Inequality. Income inequality is the extent to which income is distributed unevenly in a group of people.
  • Pay Inequality. A person’s pay is different to their income.
  • Wealth Inequality.
  • Gini Coefficient.
  • Ratio Measures.
  • Palma Ratio.

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