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Economic inequality refers to the unequal distribution of wealth and resources among individuals and groups within a society or country. This inequality is often measured by factors such as income or wealth disparities, the poverty rate, and the gap between the rich and the poor. Economic inequality can also lead to social and political tensions as those who are less fortunate or marginalized may feel excluded from opportunities and resources that could improve their quality of life. Additionally, economic inequality can hinder overall economic growth as it limits the potential for individuals to invest in education, healthcare, and other means of productive economic activity.
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