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What is income disparity in economic perspective ?

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Income equality is different from income disparity.

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  1. Wikipedia is your friend:

    http://en.wikipedia.org/wiki/Income_disp...

    They aren't all that different. "inequality" is generally used only for the difference between the rich and the poor, while "disparity" is used more generally - between men and women,  group X and group Y, etc.

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