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Market equilibrium occurs when
Child Poverty Rates
The proportion of children living in poverty, reflecting their families' inability to provide basic needs for a healthy and safe upbringing.
Industrialized Countries
Nations that are characterized by a high level of industrialization, advanced technological infrastructure, and a relatively high standard of living.
Low-Paying Job
A job that offers remuneration significantly below the market rate or living wage for similar roles in a given region.
Chronic Poverty
Occurs when a person is in a state of poverty over an extended period of time and barriers to well-being become cyclical in nature.
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