Question

What are main merits of lorenz curve?​

Answer 1

Answer:

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.

Answer 2

Answer:

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.