Art Market Economics
Wealth inequality refers to the unequal distribution of assets and wealth among individuals or groups in a society. This disparity can have profound effects on social structures, economic systems, and cultural production, influencing who has access to resources and opportunities, including in the realm of art. The historical development of art as a commodity reflects and often exacerbates these inequalities, as wealthier individuals or institutions acquire and control significant artworks, shaping market trends and cultural value.
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