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Efficiency
The degree to which an entity optimizes the use of its resources to achieve its objectives, minimizing waste and maximizing output.
Equality
Refers to the state or quality of being equal, especially in status, rights, or opportunities.
Redistributes Income
The process by which government policies, taxation, and public spending aim to adjust the allocation of income across a society.
Efficiency
describes the extent to which resources are allocated in a way that maximizes the output or outcome, often considering waste minimization and optimal allocation in economic contexts.
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