Text A, Paragraph 1:
Many global economists have raised concerns about income inequality as one of the major challenges facing developing and developed nations alike. Policymakers continue to debate the potential long-term effects of this issue, particularly in societies where economic growth is a priority. Various government initiatives are being proposed to address this growing concern, yet there remains little consensus on the most effective way to tackle the issue.
Define the term income inequality as indicated in bold (Text A, paragraph 1).
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