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Income inequality generally reduces government net lending/borrowing for all the countries. Economic growth, they find, leads to an increase of income inequality in the case of the UK and to the decline of inequality in the cases of the US and Canada. At the same time, economic growth improves government net lending/borrowing in all the countries.
Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).
A typical Lorenz curve. In economics, the Lorenz curve is a graphical representation of the distribution of income or of wealth.It was developed by Max O. Lorenz in 1905 for representing inequality of the wealth distribution.
Buildings in Rio de Janeiro, demonstrating economic inequality. Effects of income inequality, researchers have found, include higher rates of health and social problems, and lower rates of social goods, [1] a lower population-wide satisfaction and happiness [2] [3] and even a lower level of economic growth when human capital is neglected for high-end consumption. [4]
Spatial inequality refers to the unequal distribution of income and resources across geographical regions. [1] Attributable to local differences in infrastructure, [2] geographical features (presence of mountains, coastlines, particular climates, etc.) and economies of agglomeration, [3] such inequality remains central to public policy discussions regarding economic inequality more broadly.
A trade deficit occurs when a country imports more than it exports -- and that's a good thing for a national economy. Or a terrible thing. Or it might not matter one way or the other. Trade ...
CHART #3: SIDE-BY-SIDE COMPARISON OF LEADING REPUBLICAN CANDIDATESÕ HEALTH PLANS 5 9 Ibid. 10 "Extending Health Insurance to All Americans." Mitt Romney: True Strength for America's Future. 25 June 2007.
Poverty is a state or condition in which an individual lacks the financial resources and essentials for a basic standard of living. Poverty can have diverse environmental, legal, social, economic, and political causes and effects. [1]