Archive | Inequality of Income

Measuring Inequality of Income: Top 2 Methods | Economics

The following article will guide you about the two main methods adopted to measure inequality of income. The methods are: 1. The Lorenz Curve 2. The Gini Ratio. Method # 1. The Lorenz Curve: The Lorenz Curve is obtained by plotting the cumulative percentage of the nation's income against the cumulative percentage of the nation's households or population receiving this [...]

By Nipun S|2017-01-13T05:55:20+05:30January 13, 2017|Inequality of Income|Comments Off

Inequality of Income and Wealth in India: Causes and Measures

Let us make an in-depth study of the major causes and measures of inequality of income and wealth in India. Causes: In India, inequality in the distribution of income has increased for various reasons. The main reasons are the following: 1. Unemployment: The main reason for low level of income of the majority of Indian people is unemployment and underemployment [...]

By Sanket Suman|2015-10-26T12:42:01+05:30October 17, 2015|Inequality of Income|Comments Off