Examlex
Opportunity cost is the value of the next best alternative to a given choice.
Permanent Income
An economic theory suggesting that people's consumption choices are influenced more by their lifetime income expectations than by their current income.
Economic Mobility
The ability of an individual, family, or some other group to improve (or decline) their economic status, typically measured over generations.
Inequality Measurement
The analysis or quantification of disparities in income, wealth, health, or other social and economic dimensions.
Income Distributions
The way in which total income is shared among the population or different segments of the economy.
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