Economic Inequality [IB Economics SL/HL]

This video explains what Economic Inequality is, how it's measured, and its causes and impacts. Possible policy responses to reduce economic inequality are discussed. 0:00 - Introduction 0:24 - How income inequality has changed 0:47 - Visualising income inequality (the Lorenz curve) 1:41 - Calculating the Gini coefficient 2:11 - Causes of rising inequality 4:17 - Impacts of rising inequality 5:05 - Policy responses More IB Economics Videos & Exam Questions can be found at: Revision Village - IB Economics https://www.revisionvillage.com