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What is a chronological pattern? What is the purpose of this pattern?
Quintiles
Statistical values that divide a dataset into five equal parts, often used in economics to discuss income distribution.
Income
Money received, especially on a regular basis, for work or through investments.
Perfect Income Equality
A hypothetical situation where all individuals within an economy have the exact same income, eliminating income disparities.
Top Quintile
The highest fifth of a population in income or wealth distribution, representing those with the greatest share of income or wealth.
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