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"Income Inequality and its Measurement in Economics for Competitive Exams":

In this video, we'll be discussing one of the most important topics in economics - Income Inequality. We'll explore the concept of income inequality, its types, causes, and consequences. Moreover, we'll delve into the various methods of measuring income inequality, including the Lorenz Curve, Gini Coefficient, and more.

This video is specifically designed for students preparing for competitive exams such as UPSC, UPSC CSE, SSC, Banking, and other government exams. Our expert faculty will provide a detailed explanation of the concepts, along with examples and illustrations to help you understand the topic better.

Topics Covered:

Definition and types of income inequality
Causes and consequences of income inequality
Lorenz Curve and its interpretation
Gini Coefficient and its calculation
Other measures of income inequality (e.g. Palma Ratio, Theil Index)
Importance of income inequality in economics and policy-making

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