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Discuss SVOP.
Economic Status
An individual's or area's financial condition and stability, often measured by income, employment, and wealth indicators.
Annual Income
The total amount of money earned by an individual or business in one year from all sources.
Work Effort
The amount of physical or mental energy used to perform a task or achieve an objective.
Economic Pie
A metaphor for the total amount of wealth or resources available in an economy that can be distributed among its participants.
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