BOWLEY Meaning and
Definition
-
Bowley is a term that can have multiple meanings depending on the context in which it is used. In a historical and cultural aspect, Bowley refers to a small rural settlement or village, typically found in England. These settlements were characterized by their picturesque and quaint atmosphere, with peaceful surroundings and a close-knit community. Bowleys were often replete with traditional thatched-roof cottages, charming gardens, and narrow lanes, evoking a sense of nostalgia and a connection to the past.
In a financial or economic sense, Bowley is synonymous with the Bowley coefficient, named after the British economist Arthur Bowley. The Bowley coefficient is a statistical measure used to determine the degree of income inequality within a given population or distribution of incomes. It is calculated by dividing the difference between the average income of the top 20% and the bottom 20% of earners by the average income of the total population. This coefficient provides insights into the income disparities within a society, with higher values indicating greater income inequality.
Both definitions of Bowley showcase different aspects of society: one focusing on idyllic rural settlements and the other on economic disparities. As such, the interpretation of Bowley can vary depending on the field or subject matter.
Similar spelling words for BOWLEY
- bowl,
- boyle,
- bowel,
- boil,
- boole,
- boulay,
- bola,
- bouley,
- bolo,
- bole,
- boll,
- Boley,
- bewley,
- boule,
- bohl,
- boulle.
