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Lorenz Curve |
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Lorenz Curve A graph showing what percentage of a population possesses a certain percentage of a thing. For example, a Lorenz curve may show that the top five percent of the people in a country control 40% of the wealth. While it may be used in ecology as well as some other fields, it is frequently used in economics to represent social inequality. It was developed in 1905. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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