Lorenz curve/Definition: Difference between revisions
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A curve formed by plotting, on a cumulative basis, the amount of income | A curve formed by plotting, on a cumulative basis, the amount of income received by members of a community against the number of individuals that receive that amount - so that inequality of income is indicated by departure from the 45 degree diagonal (sometimes applied to wealth). | ||
Latest revision as of 03:53, 1 November 2009
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Lorenz curve [r]: A curve formed by plotting, on a cumulative basis, the amount of income received by members of a community against the number of individuals that receive that amount - so that inequality of income is indicated by departure from the 45 degree diagonal (sometimes applied to wealth).