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Redistribution Of Income
The transfer of income from certain individuals or groups to others through mechanisms like taxation, welfare programs, and other government initiatives.
Macroeconomic Goals
Objectives pursued within an economy at a large scale, focusing on growth, stability, and equitable distribution of income.
Private Goods
Goods that are excludable and rivalrous, meaning their consumption by one individual prevents others from consuming them.
Primary Education
The first stage of formal education, typically involving children from ages 5 to 11.
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