Examlex
All societies have the same division of labor according to age: children play until their late teens while adults do the work.
Gini Coefficient
The Gini Coefficient measures income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality).
Market Income
The total income earned by an individual or household from market sources before taxes and transfers, including wages, rent, interest, and profits.
Disposable Income
The sum of funds households can allocate towards savings or expenditure once income taxes are deducted.
Minimum Wage
The lowest hourly, daily, or monthly remuneration that employers may legally pay to workers.
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