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Miguel has been complaining to his neighbor Robert that his lawn mower is broken.Robert fixes the lawn mower for Miguel and asks Miguel for $50 for the parts he used to make the repairs.Miguel refuses to pay and Robert takes the lawn mower,threatening not to return it until Miguel pays.Is Miguel acting legally?
Perfect Income Equality
A hypothetical scenario where every individual or household in a society earns exactly the same income, eliminating any income disparity.
Lorenz Curve
A graphical representation of the distribution of income or of wealth within a population, highlighting inequalities.
Gini Ratio
An indicator of how income is distributed across a population, varying from 0 for total equality to 1 for absolute inequality.
Income Inequality
The disparity in income distribution across a group, causing variations in wealth and standards of living.
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