merits and demerits of lorenz curve
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Answer: It is a measure of deviation of actual distribution from the line of equal distribution.It is also known as commutative percentage curve
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The graph can also be used for showing comparisons in other systems of production. The Lorenz curve is normally used by the government for finding out techniques of assessing the inequality of 'wealth' distribution in the country. It is a method that helps them to find methods of taking care of problem.
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