Chapter 1 Wealth Inequality: What Is It? Why Do We Care?

To lay the foundation for the various cases that will be presented throughout the book, we must first define what we are talking about. This chapter discusses wealth inequality with data, theory, and conceptual thinking. The next chapter links the concepts with a definition of social entrepreneurship. Without being too hung up on semantics, we need to first clarify the definition or definitions of wealth. The natural tendency is to monetize any concept that has anything to do with economics or finance. Even in the monetary realm, the definition of wealth is not clear. Does it mean monetary income? For people and families to have enough income is important. Most of the goods and services ...

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