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Perfect Income Equality
A theoretical economic condition where all individuals or households earn exactly the same income, leading to absolute equity in income distribution.
Incidence Of Poverty
The proportion or frequency of individuals or families whose income falls below the poverty line, making it difficult to afford basic life necessities.
Children
Young human beings who are not yet fully grown, often considered in the context of family, education, and development.
Elderly
Refers to individuals who are advanced in age, typically considered to be those who are 65 years or older, often associated with retirement and receiving senior citizen benefits.
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