Episode 9 - World Economic Inequality. What is it in simple terms
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Episode 9 - World Economic Inequality. What is it in simple terms
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In this episode, we unravel the intricate concept of world economic inequality in simple terms. We begin by exploring the fundamental nature of inequality and the various measures used to gauge it. Understanding inequality involves looking at disparities in income, wealth, and purchasing power among individuals within a society.
We delve into the significance of indicators like PPP (Purchasing Power Parity) per capita, income per capita, and wealth per capita, elucidating their role in quantifying disparities. It's important to comprehend that "per capita" means per person, enabling us to assess the average income, wealth, or purchasing power of an individual within a specific population.
Join us as we unpack the foundations and manifestations of global economic inequality, aiming to demystify this complex issue and shed light on its varying impacts across different economic landscapes.