Gini Coefficient: The Gini coefficient is a statistical measure used to quantify income inequality within a population. It ranges from 0 (perfect equality) to 1 (maximum inequality).
Poverty Line: The poverty line refers to the minimum level of income needed for an individual or family to meet their basic needs such as food, shelter, and healthcare.
Social Mobility: Social mobility refers to the ability of individuals or families to move up or down the social ladder based on changes in their income, occupation, or education level.