Low-income concepts and statistics, 2021 Census of Population
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This video builds on concepts introduced in the other videos on income. It explains key low-income concepts - Market Basket Measure (MBM), Low income measure (LIM) and Low-income cut-offs (LICO) and the indicators associated with these concepts such as the low-income gap and the low-income ratio. These concepts are used in analysis of the economic well-being of the population.
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