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Flashcards by Alex Maas, created more than 1 year ago

A2 Economics Flashcards on Part 1.5: The distribution of income and wealth - poverty and inequality, created by Alex Maas on 03/01/2017.

	Created by Alex Maas about 7 years ago

Part 1.5: The distribution of income and wealth - poverty and inequality

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Distribution of income

Distribution of wealth

Income

Wealth

Equality

Equity

Lorenz curve

Gini coefficient

Progressive taxation

Poverty

Absolute poverty

Relative poverty

Marginal tax rates

Means-tested benefits

Universal benefits