Income mobility refers to the ability of an individual or family to move up or down the economic ladder within a society over time. It is a crucial indicator of economic opportunity and equality, reflecting the degree to which personal or familial economic status can change across generations or within a person's lifetime.

Income Mobility

Economic ladder

Economic opportunity refers to the availability of resources and conditions that allow individuals and communities to improve their economic status and quality of life. It encompasses factors such as access to education, employment, capital, and markets, which collectively enable economic mobility and growth.

Economic Opportunity

Economic equality refers to a state in which resources, wealth, and opportunities are distributed in a manner that reduces disparities among individuals and groups within a society. It aims to provide fair access to economic resources and diminish the gap between the rich and the poor, fostering social cohesion and stability.

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