Inequality
Unequal distribution of resources, income, opportunity.
Formula
Gini Coefficient (0 = perfect equality, 1 = perfect inequality)
Real World
In 2023, the richest 1% of the global population held approximately 43% of all financial assets, while the bottom 50% owned just 2%, illustrating extreme global wealth inequality.
Exam Focus
Link inequality to specific business impacts — e.g. smaller domestic markets in low-income countries — rather than describing it abstractly.
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