Systems of measurement in the context of "Income inequality metrics"

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⭐ Core Definition: Systems of measurement

A system of units of measurement, also known as a system of units or system of measurement, is a collection of units of measurement and rules relating them to each other. Systems of measurement have historically been important, regulated and defined for the purposes of science and commerce. Instances in use include the International System of Units or SI (the modern form of the metric system), the British imperial system, and the United States customary system.

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👉 Systems of measurement in the context of Income inequality metrics

Income inequality metrics or income distribution metrics are used by social scientists to measure the distribution of income and economic inequality among the participants in a particular economy, such as that of a specific country or of the world in general. While different theories may try to explain how income inequality comes about, income inequality metrics simply provide a system of measurement used to determine the dispersion of incomes. The concept of inequality is distinct from poverty and fairness.

Income distribution has always been a central concern of economic theory and economic policy. Classical economists such as Adam Smith, Thomas Malthus and David Ricardo were mainly concerned with factor income distribution, that is, the distribution of income between the main factors of production, land, labour and capital. It is often related to wealth distribution, although separate factors influence wealth inequality.

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Systems of measurement in the context of Width

Length is a measure of distance. In the International System of Quantities, length is a quantity with dimension distance. In most systems of measurement a base unit for length is chosen, from which all other units are derived. In the International System of Units (SI) system, the base unit for length is the metre.

Length is commonly understood to mean the most extended dimension of a fixed object. However, this is not always the case and may depend on the position the object is in.

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Systems of measurement in the context of Yard

The yard (symbol: yd) is an English unit of length in both the British imperial and US customary systems of measurement equalling 3 feet or 36 inches. Since 1959 it has been by international agreement standardized as exactly 0.9144 meter. A distance of 1,760 yards is equal to 1 mile.

The theoretical US survey yard is very slightly longer.

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Systems of measurement in the context of Pound (mass)

The pound or pound-mass is a unit of mass used in both the British imperial and United States customary systems of measurement. Various definitions have been used; the most common today is the international avoirdupois pound, which is legally defined as exactly 0.45359237 kilograms, and which is divided into 16 avoirdupois ounces. The international standard symbol for the avoirdupois pound is lb; an alternative symbol (when there might otherwise be a risk of confusion with the pound-force) is lbm (for most pound definitions), # (chiefly in the U.S.), and or ″̶ (specifically for the apothecaries' pound).

The unit is descended from the Roman libra (hence the symbol lb, descended from the scribal abbreviation, ). The English word pound comes from the Roman libra pondo ('the weight measured in libra'), and is cognate with, among others, German Pfund, Dutch pond, and Swedish pund. These units are now designated as historical and are no longer in common usage, being replaced by the metric system.

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Systems of measurement in the context of Comparison of the imperial and US customary measurement systems

Both the British imperial measurement system and United States customary systems of measurement derive from earlier English unit systems used prior to 1824 that were the result of a combination of the local Anglo-Saxon units inherited from Germanic tribes and Roman units.

Having this shared heritage, the two systems are quite similar, but there are differences. The US customary system is based on English systems of the 18th century, while the imperial system was defined in 1824, almost a half-century after American independence.

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