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Poverty and (Economic) Inequality Defined, Explained and Compared in One Minute
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.Many people believe that poverty and inequality (economic inequality, income inequality and so on) are the same thing but... well, they're not.
As explained in this video, poverty and economic inequality sometimes paint a remarkably different picture of reality.
In other words, as the definitions as well as explanations you'll come across in this video illustrate, poverty may very well go down when it comes to let's say a certain country, whereas income inequality increases.
I've compared poverty and inequality in a way that makes it clear what the main differences between them are and, through carefully-selected examples, did my best to explain how things work in the real world.
After watching this video, you'll be a much better-documented observer in debates surrounding poverty and various types of inequality and will therefore be able to form an educated option rather than a superficial, headline-driven one.