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Unemployment Compensation
Unemployment compensation refers to the financial assistance provided by the government to unemployed workers who meet certain eligibility criteria, aiming to reduce the economic burden of unemployment.
Employers
Entities or individuals that hire and employ workers, providing compensation in exchange for the performance of job duties and contributing to the labor market dynamics.
Lorenz Curve
The Lorenz curve is a graphical representation of the distribution of income or wealth within a society, illustrating inequalities.
Income Inequality
The unequal distribution of an economy’s total income among households or families.
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