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Poverty, corruption, and a considerable inequality in the distribution of income are among the most important outcomes.
Among Industrialized Nations, the United States of America ranks fairly moderate at spot #13 as measured by its climate, population density, wealth, health of the average citizen, economy, and anual income & taxes. It falls behind: 12: Italy, 11: Australia, 10: New Zealand, 9: United Kingdom, 8: France, 7: Japan, 6: Germany, 5: Ireland, 4: Austria, 3: Sweden, 2: Denmark, and 1: Norway.
Communism had mass appeal to many especially in the Third World. One of the reasons for this was that many nations had for years ruled by Europeans who had treated the native people harshly as part of it's teachings Communism rejects imperialism and colonization by foreign powers this had enormous appeal. In Europe itself many poor people believed that Communism could make their lives better and it's out of this hopelessness that many joined Communist parties. Communism also had support in nations ruled by right-wing dictators such as those in Latin America, who banned trade unions and oversaw great gaps in income inequality that lead to mass unrest of which communism was a part of.
There are several types of countries that are not industrialized. These can include least developed countries (LDCs) which have low income levels, limited infrastructure, and high levels of poverty. Other examples include agrarian or agricultural-based economies that primarily rely on farming and have not fully developed manufacturing or industrial sectors. Additionally, some small island nations or countries with limited resources may also have limited industrialization.
more social inequality.
no
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The Gini coefficient is a measure of income inequality within a population, with a value of 0 indicating perfect equality and 1 indicating perfect inequality. It is commonly used by economists and policymakers to understand the distribution of income or wealth within a country. A higher Gini coefficient suggests a more unequal distribution of income.
Income inequality
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Singapore
Government policies and programs, such as benefit programs and the progressive income tax, reduce income inequality.
What is meant by income inequality? Distinguish between personal and functional distribution of income.
Corruption, wealth inequality, illiteracy.
the Lorenz curve
Discretionary income, not personal income or disposable income, would be the greatest interest to marketers.