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Class : 11
Unit : Economics

Concept of Inequality

Ans : Inequality is defined as the situation in which income and wealth are distributed unequally among the people of a country. It is also known as income inequality, gap between rich and poor, wealth disparity, wealth gap or income difference. It is one of the common features of developing countries like Nepal. When there is high level of inequality, it is considered as unfair because it creates conflict in the society.
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