Section 1
Defining and Measuring Inequality, Mobility, and Poverty
Book
Version 3
By Boundless
By Boundless
Boundless Economics
Economics
by Boundless
4 concepts
![Thumbnail](../../../../../../figures.boundless-cdn.com/20556/square/han-1-dollar-day-2007-2008.jpg)
Defining and Measuring Poverty
Poverty is framed from a material possessions perspective, and is defined as lacking a certain amount to fulfill basic standards of living.
Defining and Measuring Income Inequality
Income inequality uses the dispersion of capital to identify how economic inequality is defined among individuals in a given economy.
Defining and Measuring Economic Mobility
Economic mobility is a measurement of how capable a participant in a system can improve (or reduce) their economic status.
![Thumbnail](../../../../../../figures.boundless-cdn.com/20562/square/percent-poverty-world-map.jpg)
Measurement Problems
Due to the high complexity of measuring equality, the accuracy of many poverty and inequality measurements can be less than ideal.