Population-wise percentages and distribution of wealth Glossary for IELTS

10 Wealth Gap terms

This glossary can help you prepare for the IELTS writing tasks related to population-wise percentages and distribution of wealth.

approximately: adverb; Used to show that something is almost, but not completely, accurate or exact; roughly.; Example: Even though North America has only approximately 6% of the world's population, it boasts nearly 34% of the global wealth.
boast: verb; Talk with excessive pride and self-satisfaction about one's achievements, possessions, or abilities.; Example: North America has only approximately 6% of the world's population, it boasts nearly 34% of the global wealth.
concentrate: verb; Focus all one's attention on a particular object or activity.; Example: It can be seen that wealth is heavily concentrated in North America, Europe, and high income Asia-Pacific countries which together account for almost 90% of the global wealth.
considerably: adverb; By a notably large amount or to a notably large extent; greatly.; Example: The overall share of wealth owned by people in Africa, China, India, and other lower income countries in Asia is considerably less than their population share, sometimes by a factor of more than ten.
distribution: noun; The action of sharing something out among a number of recipients.; Example: The chart compares population shares in various regions of the world with the distribution of wealth in these same regions.
global: adjective; Relating to the whole world; worldwide.; Example: It can be seen that wealth is heavily concentrated in North America, Europe, and high income Asia-Pacific countries which together account for almost 90% of the global wealth.
heavily: adverb; To a great degree; in large amounts.; Example: It can be seen that wealth is heavily concentrated in North America, Europe, and high income Asia-Pacific countries which together account for almost 90% of the global wealth.
percentage: noun; A rate, number, or amount in each hundred.; Example: China has the highest percentage of the global population (24%) but only 3% of the world's wealth.
striking: adjective; Attracting attention by reason of being unusual, extreme, or prominent.; Example: This is most striking in India, where 16% of the world's population own only 1% of the world's wealth.
wealth: noun; An abundance of valuable possessions or money.; Example: A similar situation can be seen in Europe, which has 15% of the global population but 30% of the global wealth.