Key Terms 7 - The Distribution of Income and Wealth: Poverty and Inequality

Question 1

Equity

Answer 1

When everyone is treated fairly.

Question 2

Distribution of Income

Answer 2

How income is divided between rich and poor, or between different groups in society, e.g. on a regional, age or gender basis.

Question 3

Distribution of Wealth

Answer 3

How wealth is divided between rich and poor, or between different groups in society, e.g. on a regional, age or gender basis.