lorenz curve
A Lorenz curve is a graphical representation that illustrates the distribution of income or wealth within a population, commonly used to demonstrate income inequality. It plots the cumulative percentage of total income or wealth received by the cumulative percentage of the population, showing the extent of inequality in the distribution.
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Related Concepts (22)
- distribution of resources
- economic development
- economic inequality
- equality
- fairness
- gini coefficient
- gini index
- horizontal equity
- income gap
- income inequality
- inequality measurement
- lorenz attractor
- poverty rate
- progressive taxation
- redistribution of wealth
- regressive taxation
- social justice
- social mobility
- socioeconomic status
- vertical equity
- wealth distribution
- welfare programs