Unit 3.4 · Economics of Inequality and Poverty
Economic Inequality
AO2
Syllabus Requirement
Covers income vs wealth inequality and the nature of distribution disparities.
Assessment Objectives
AO2Application and Analysis
Summary
Economic inequality refers to the unequal distribution of income and wealth among individuals or groups within a society. This topic is important in IB Economics as it helps students understand the factors contributing to disparities in living standards and the implications for economic policy and social equity.