Income Inequality in Different Regions

Income inequality refers to the uneven distribution of income within a population. It varies by region due to factors like economic development, education access, and government policies. In wealthier regions, high incomes can be concentrated among a small number of individuals, leading to a stark contrast with lower-income groups. Conversely, less developed areas often experience widespread poverty, but may have a smaller income gap between the rich and poor. Understanding these disparities helps address social issues and promote equitable economic growth. Key metrics for evaluating income inequality include the Gini coefficient and income percentiles.