Editing Inequality and Economic Change (section)

== <span style="color: #FFFFFF;">Remembering</span> ==
* '''Economic Inequality''' — The "Difference" in how "Assets, Wealth, or Income" are distributed among individuals and populations.
* '''Gini Coefficient''' — A "Mathematical Score" (0 to 1) for inequality: **0** is "Perfect Equality" (everyone has the same), **1** is "Perfect Inequality" (one person has everything).
* '''Capital vs. Labor''' — The "Battle" for the profit: does the money go to the "Owner of the machine" (Capital) or the "Worker" (Labor)?
* '''Thomas Piketty''' — The modern economist who proved that "Wealth grows faster than the Economy" ($r > g$), making the rich "Inevitably richer" over time.
* '''The Kuznets Curve''' — A "U-shaped" theory that inequality "Increases" during industrialization but "Decreases" as a country gets richer (Now highly debated).
* '''The Great Compression''' (1940-1970) — A period in the West where "Inequality Fell" drastically due to "High Taxes" and "Strong Unions."
* '''Social Mobility''' — The "Ability" of an individual to "Move Up" the economic ladder (The 'American Dream').
* '''Progressive Taxation''' — A system where "Rich people pay a higher %" of their income in taxes to "Redistribute" wealth to the poor.
* '''Wealth Gap''' — The difference in "Total Assets" (Savings/Houses) rather than just "Yearly Paychecks."
* '''Plutocracy''' — A society that is "Ruled" by the "Rich."
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