b) Measurements of income inequality

• What are wage and tax levels?

  They refer to the amount paid and taxed
• How do property ownership and inheritance laws affect individuals?

  They determine rights to own and transfer property
• What do unemployment levels indicate?

  They indicate the percentage of jobless individuals
• What is the significance of government benefits levels?

  They provide financial support to eligible individuals
• What do education levels refer to?

  They refer to the highest degree attained
• What are the key factors affecting economic conditions in a society?

  • Wage and tax levels
  • Property ownership and inheritance laws
  • Unemployment levels
  • Level of government benefits
  • Education levels