Lorenz curve/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> A curve formed by plotting the cumulative distribution of the amount of income possessed by members of a community against the cumulative frequency dis...) |
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A curve formed by plotting | A curve formed by plotting, on a cumulative basis, the amount of income or wealth possessed by members of a community against the number of individuals that possess that amount - so that equality is denoted by a straight line and inequality by the degree of curvature. | ||
Revision as of 03:50, 1 November 2009
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Lorenz curve [r]: A curve formed by plotting, on a cumulative basis, the amount of income or wealth possessed by members of a community against the number of individuals that possess that amount - so that equality is denoted by a straight line and inequality by the degree of curvature.