Intermediate Macroeconomic Theory
Wealth inequality refers to the unequal distribution of assets among individuals or groups within a society. This disparity in wealth can lead to significant social and economic consequences, including limited access to opportunities, resources, and overall quality of life for those with less wealth. Understanding wealth inequality is crucial when considering the limitations of national income measures, as these figures often fail to capture the broader picture of economic well-being and disparities within a population.
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