Income inequality metricsIncome inequality metrics or income distribution metrics are used by social scientists to measure the distribution of income and economic inequality among the participants in a particular economy, such as that of a specific country or of the world in general. While different theories may try to explain how income inequality comes about, income inequality metrics simply provide a system of measurement used to determine the dispersion of incomes. The concept of inequality is distinct from poverty and fairness.
InnovationInnovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity realizing or redistributing value". Others have different definitions; a common element in the definitions is a focus on newness, improvement, and spread of ideas or technologies.
Newly industrialized countryThe category of newly industrialized country (NIC), newly industrialized economy (NIE) or middle income country is a socioeconomic classification applied to several countries around the world by political scientists and economists. They represent a subset of developing countries whose economic growth is much higher than other developing countries; and where the social consequences of industrialization, such as urbanization, are reorganizing society.
Population exchange between Greece and TurkeyThe 1923 population exchange between Greece and Turkey (I Antallagí, Mübâdele, Mübadele) stemmed from the "Convention Concerning the Exchange of Greek and Turkish Populations" signed at Lausanne, Switzerland, on 30 January 1923, by the governments of Greece and Turkey. It involved at least 1.6 million people (1,221,489 Greek Orthodox from Asia Minor, Eastern Thrace, the Pontic Alps and the Caucasus, and 355,000–400,000 Muslims from Greece), most of whom were forcibly made refugees and de jure denaturalized from their homelands.
Empty productIn mathematics, an empty product, or nullary product or vacuous product, is the result of multiplying no factors. It is by convention equal to the multiplicative identity (assuming there is an identity for the multiplication operation in question), just as the empty sum—the result of adding no numbers—is by convention zero, or the additive identity. When numbers are implied, the empty product becomes one. The term empty product is most often used in the above sense when discussing arithmetic operations.
