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  1. Sep 2022
    1. With respect tomeasuring the amount of economic inequality in a country, we make use ofwhat is known as the Gini coefficient or index.9 This is an overall measure ofhow unequal the income distribution is, and it ranges from 0 (complete equality)to 1 (complete inequality).

      see also: https://en.wikipedia.org/wiki/Gini_coefficient

      It can apparently apply to either income inequality or wealth inequality, so it may have slightly different meanings based on this underlying context.

      Delve into this question of definition.