Examlex
What data would you need to consider in writing a job specification?
Income Equality
Income equality refers to a scenario where earnings are distributed evenly across a population. It is the opposite of income inequality where earnings are unequally distributed.
Economic Efficiency
A measure of how well resources are utilized and allocated to maximize productivity and meet the needs and wants of society.
Quintile Distribution
The division of a population or dataset into five equal groups or parts, often used in economic studies to analyze income or wealth distribution.
Before-Tax Household Income
The total income earned by a household before any taxes are deducted.
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