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4.5 What is poverty and inequality in developed and developing countries?


What students need to learn:


Content
Students should be able to:
Additional Guidance Notes
Absolute and relative poverty
Consider absolute and relative poverty.
An ability to understand/sketch a Lorenz curve diagram and Gini coefficients is required.
Measurements of inequality
Identify measurements of inequality: the Lorenz curve; Gini coefficient.
Students should consider the causes and consequences of inequality and poverty in developed and developing countries and related issues, for example the extent to which inequality is an essential ingredient of capitalism.

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