Examlex
The community property laws apply only to married couples.
Perfect Income Equality
A hypothetical scenario where every individual or household in a society earns exactly the same income, eliminating any income disparity.
Lorenz Curve
A graphical representation of the distribution of income or of wealth within a population, highlighting inequalities.
Gini Ratio
An indicator of how income is distributed across a population, varying from 0 for total equality to 1 for absolute inequality.
Income Inequality
The disparity in income distribution across a group, causing variations in wealth and standards of living.
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