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If households ignore effects on future generations, a pay as you go social security system:
Social Well-Being
The state of experiencing positive relationships and societal connections, contributing to overall health and happiness.
Legal Responsibility
The obligations entities have to act within the law, fulfilling duties and facing consequences for actions as required by legislation.
External Regulations
Rules, laws, or standards set by external bodies, such as government agencies, that organizations must comply with.
Law Compliance
The act of adhering to local, national, or international laws and regulations relevant to one's actions or business operations.
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