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Economic inequality otherwise known as wealth and income differences includes all differences in the allocation of economic assets and income. The word characteristically submits to disparity among individuals and groups within a society. It can also denote inequality among countries. Poverty is the result of economic inequality.
Nations with a broad allocation of income have a tendency to have added extensive income poverty. Also, communal mobility is lesser in countries with larger inequality. Countries like Italy, the United States, and the United and advanced in the Nordic countries where revenue is spread more consistently.
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