Besides size of per capita income, what other property of income is important in comparing two or more societies?

Here are the key points about the importance of income distribution when comparing societies:

1. Equality vs. Inequality: Income distribution reflects how evenly or unevenly income is shared among individuals or households within a society.

2. Impact on Social Cohesion: A more equal distribution of income often leads to greater social cohesion and harmony, fostering a sense of inclusivity and reducing social tensions.

3. Economic Stability: Fair income distribution can contribute to economic stability by reducing disparities that might lead to social unrest or economic imbalances.

4. Access to Opportunities: Unequal income distribution can limit access to opportunities such as education, healthcare, and economic advancement for lower-income groups.

5. Poverty and Social Issues: A more unequal distribution of income can exacerbate poverty levels and contribute to various social issues, including crime rates and health disparities.

6. Economic Growth: Excessive income inequality can hinder overall economic growth by limiting the purchasing power of a large section of the population.

7. Policy Implications: Governments may need to implement policies aimed at redistributing wealth or providing support to lower-income groups to address income inequality.

Understanding and addressing income distribution is essential for creating more balanced and inclusive societies, ensuring that wealth and opportunities are accessible to a larger portion of the population.