income distribution
Income distribution refers to how income is shared among individuals or groups within a society. It highlights the differences in earnings between various segments, such as the wealthy, middle class, and low-income earners. Understanding income distribution helps to identify economic inequality and the overall health of an economy.
Factors influencing income distribution include education, occupation, and government policies. For example, higher education often leads to better-paying jobs, while minimum wage laws can affect the earnings of low-income workers. Analyzing income distribution can provide insights into social mobility and economic opportunities for different populations.