Examlex
Who argued that the First Wave of change was the agricultural revolution in the 18th and 19th centuries, which began in the United Kingdom and was necessary for the subsequent Industrial Revolution?
Reduction In Income Inequality
Refers to efforts or policies aimed at decreasing the disparity in income distribution among a population, thereby promoting economic fairness.
Transfer Payments
Payments made by the government to individuals or other entities without receiving any goods or services in return, such as welfare benefits or social security.
Earned-Income Tax Credits
A refundable tax credit for low- to moderate-income working individuals and families, particularly those with children, aimed at reducing poverty and encouraging work.
Unequal Distribution Of Income
A situation where income is not distributed evenly among the population, leading to disparities in wealth and living standards.
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