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inequality In The UK

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Social Issues


Written by:

Dee E


Date added:

August 4, 2014








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3 / 832


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However if these assets were sold, they can generate temporary cash inflow. Income is the flow of value that comes from wealth so a person could own assets that earn them income which generate more assets and in turn earn them more income and so on. Income inequality refers to the extent to which income is distributed in an uneven manner and over the past few decades, wealth is known to be considerably less evenly distributed than income...
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[1] The most widely used measure of inequality in the distribution of income is the Gini Coefficient. It is a measure of the way in which different groups of households receive different shares of income, represented by a single number between 0 and 1. The lower the value the more equally household income is distributed...
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