Examlex
A consumer market consists of buyers intending to use the product with the main purpose of making a profit.
Income Inequality
The uneven distribution of income within a population, leading to financial disparity among its members.
Official Definition
An explicitly stated and widely accepted explanation or meaning of a word or concept, often provided by a reputable or governing authority.
Low-Income Cut Off
A threshold used by researchers and policymakers to define the income level below which a family or individual is considered to be living in poverty.
Poverty
The state of having insufficient financial resources to meet the basic needs of living, including food, shelter, and healthcare.
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