Equality Flashcards

1
Q

what is inequality?

A

the gap between the rich and the poor

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2
Q

what is a Lorenz curve?

A

graph

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3
Q

what measures inequality?

A

a lorenz curve

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4
Q

impacts of inequality?

A
  • Social tension
  • Conflict and crime
  • Relative poverty
  • Lower standard of living
  • Lower quality of life – mentally and physically
  • Inequality breeds inequality
  • Debt, debt, debt.
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