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Recently,the IMF Has Been More Concerned with Addressing Income Inequality,which

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Recently,the IMF has been more concerned with addressing income inequality,which has worsened in most countries in the past three decades.


Definitions:

Qualitative Improvements

Enhancements to the features, performance, or quality of a product or service that go beyond mere quantitative changes.

Economic Welfare

The overall well-being and standard of living of people in an economy, measured through factors such as income, employment, and access to goods and services.

Psychic Income

The non-monetary satisfaction or pleasure derived from work or non-work activities, such as personal fulfillment, pride, or happiness.

Environmental Effects

The outcomes or impacts of natural and human activities on the environment, including factors like pollution, ecosystem degradation, and climate change.

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