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Income Inequality
Describes the uneven distribution of income and wealth across different groups in a population, often measured by metrics like the Gini coefficient.
Gilded Age
A period in the late 19th century in the United States characterized by rapid industrialization, economic growth, and the ostentatious wealth of a burgeoning class of industrialists and financiers.
Gini Coefficient
A measure ranging from 0 to 1 that indicates the degree of income inequality in a given population, with 0 expressing perfect equality and 1 indicating maximum inequality.
Income Equality
A situation in which earnings are distributed evenly across a population, minimizing the gap between the highest and lowest incomes.
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