Guaranteed Income:It refers to an unconditional cash payment provided regularly to individuals or families, regardless of their employment status. This income aims to ensure basic financial security and reduce poverty.
Poverty Alleviation: The term refers to efforts and strategies aimed at reducing or eliminating poverty by improving access to resources, opportunities, and social support systems.
Economic Inequality: It refers to the unequal distribution of wealth, resources, and opportunities among individuals or groups within an economy. Addressing economic inequality involves reducing disparities in income and wealth through policy interventions.