L-Curve

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L-Curve

A graphical representation of the distribution of income in which the income of high earners vastly outweighs the income of all others. On an L-curve, the x-axis represents population and the y-axis represents income. The more income one earns in a year, the higher one's place on the L-curve. The curve increases gradually until it reaches the very wealthy, at which point it increases exponentially.