Inequality Measurement
Inequality measurement refers to the methods used to assess the distribution of resources, wealth, or opportunities within a population. Common indicators include the Gini coefficient, which quantifies income distribution on a scale from 0 (perfect equality) to 1 (maximum inequality), and the Lorenz curve, which visually represents income distribution.
These measurements help policymakers and researchers understand economic disparities and social inequalities. By analyzing data on income, education, and health, they can identify trends and develop strategies to promote equity. Effective inequality measurement is crucial for fostering inclusive growth and improving overall societal well-being.