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Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Henry Knox
Adequate Employment
Refers to a labor market situation where the number of jobs available is sufficient for the workforce seeking employment.
Poverty
A condition where individuals or communities lack the financial resources to meet basic living necessities such as food, shelter, and healthcare.
Median Household Income
The income of the household lying at the exact middle of the income distribution.
Poverty Level
An officially defined threshold of income that is considered insufficient to meet the basic needs of a household or individual, varying by country.
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