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💱The Development Economics 💱 🌐🌐🌐🌐🌐🌐🌐🌐🌐🌐 What's Inequality of Income? Mention the measures of Inequality of Income?What's Atkinson Index? Palma Ratio? What's Theil Index? Gini Coefficient? Range? Mean Absolute deviation? 🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼🌼 Measures of Income Inequality 1. *Gini Coefficient*: A widely used measure of income inequality, ranging from 0 (perfect equality) to 1 (maximum inequality). 2. *Theil Index*: A measure of income inequality based on entropy concepts. 3. *Atkinson Index*: A measure of income inequality sensitive to changes in the lower end of the income distribution. 4. *Palma Ratio*: A measure comparing the richest 10% to the poorest 40%'s share of income. 5. *Range*: The difference between the highest and lowest incomes. 6. *Mean Absolute Deviation (MAD)*: A measure of income dispersion. 🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔 1. "Income Inequality Explained: Measures and Impacts" #IncomeInequality #EconomicJustice 2. "The Gini Coefficient: Understanding Income Inequality" #GiniCoefficient #EconomicAnalysis 3. "Measuring Inequality: Theil Index and Beyond" #TheilIndex #IncomeInequality 4. "The Palma Ratio: A New Perspective on Income Inequality" #PalmaRatio #EconomicIndicators 5. "Atkinson Index: A Deeper Look at Income Inequality" #AtkinsonIndex #EconomicPolicy 6. "Income Inequality: Causes, Effects, and Solutions" #IncomeInequality #EconomicSolutions 7. "Economic Inequality: Understanding the Measures" #EconomicInequality #GiniCoefficient #TheilIndex 8. "The Impact of Income Inequality on Society" #IncomeInequality #SocialImpact ⚜️⚜️⚜️⚜️⚜️⚜️⚜️⚜️⚜️⚜️⚜️⚜️⚜️⚜️⚜️⚜️⚜️⚜️ This is a Economics learning channel where all types of Economics papers such as #Microeconomics #Macroeconomics # #Mathematical_economics #Econometrics #Statistics #Development_Economics #Indian_Economy #International_Trade #STATA #DSE #SEC #GE and Economics related Competitive exam such as #UGC_NET #JRF #SET #IES #GATE #UPSC #WBCS #BPSC #STATE_PSC #RBI_GRADE-B #SEBI #NABARD #FCI etc discussing through suitable video lectures.Everybody asked to join my channel for better understanding and better exploration Specially for #11th & #12th Class, #Under_graduate(UG)(#Major and #Minor),#Post_Graduate(PG) students of Economics. 👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇 Youtube Video lectures available / @bensto_academy Facebook Group / 1083803615373569 🧩🧩🧩🧩🧩🧩🧩🧩🧩🧩🧩🧩🧩🧩🧩🧩🧩🧩 "#Let_us_learn_Economics_at_a_new_glance!" "ᗷ_Kamal" ___________Welcome_____