Income Distribution: This term refers to how a nation’s total GDP is distributed amongst its population. It's like deciding who gets what slice of the national 'pizza'.
Wealth Gap: This is the difference in net worth between different sectors or groups within a society. Imagine if some people at our pizza party also got sides and drinks while others only got a small slice.
Poverty Line: This term refers to an income level below which one is considered impoverished. If you're not even getting enough slices of pizza to feel full, you're below the 'pizza' poverty line.