Question

Question No.8
A A
A
A+
While drawing Lorenz curve zero of X-axis and 100
on Y-axis are joined by a line. This line is known as
लोरेन्झ वक्र रेखांकन करताना एक्स-अक्षाचे शून्य आणि वाय-अक्ष वर
१०० एका ओळीत सामील झाले. ही ओळ म्हणून ओळखली जाते
Line of equal distributions / समान वितरणाची
ओळ​

Answer 1

Answer:

Question No.8

A A

A

A+

While drawing Lorenz curve zero of X-axis and 100

on Y-axis are joined by a line. This line is known as

लोरेन्झ वक्र रेखांकन करताना एक्स-अक्षाचे शून्य आणि वाय-अक्ष वर

१०० एका ओळीत सामील झाले. ही ओळ म्हणून ओळखली जाते

Line of equal distributions / समान वितरणाची

ओळ

Answer 2

This curve is called the "line of perfect inequality."

Explanation:

• In economics, the Lorenz curve is a graphical representation of income or wealth distribution.
• It was designed by Max O. Lorenz in 1905 to highlight income disparities.
• The curve indicates the share of overall income or wealth assumed by the lowest x per cent of the population, albeit this is not absolutely true for a finite population.
• It's commonly used to show income distribution, with the lowest x per cent of families earning what percentage of total income (y per cent).
• The proportion of households is shown on the x-axis, while the percentage of income is shown on the y-axis.
• It can also be used to show how assets are distributed.