# 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.

## Lorenz curve

see CONCENTRATION MEASURES.
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We first construct a Lorenz curve using the wage distribution of the entire sample, which is the purple curve labeled "Cross-sectional" in Figure 1.
Key words: Energy Consumption; Inequality Measures; Lorenz Curve; EU-15.
The analysis continued with the calculation of the Lorenz curve. The Lorenz curve (Figure 2) shows the distribution of tourist arrivals against the months of year.
This creates a type of Lorenz curve, L(x), which represents how national personal income is actually distributed across die (x = 50) states.
The Pareto Lorenz curve indicated that a specialized community of bacteria were present in 30 days old panchagavya.
Keywords: Income Inequality; GB2; Gini Index; Generalized entropy measure; Lorenz Curve
To construct a Lorenz curve, we rank households according to their wealth; the Lorenz curve plots the fraction of total wealth that is held by households who are poorer than a given fraction of the population.
where L(i) is the Lorenz curve, and G is, by definition, [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII].
The Gini Coefficient, founded by Corrado Gini in 1912, is a quantitative representation of the Lorenz Curve. Looking at Figure 1, we can see that Area A is the area between the actual income distribution and the perfect equality line; and Area B is equal to half the box minus Area A.
These portfolios are natural extensions of the classic Lorenz curve and associated Gini index that we review in the following.

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