Economy, asked by kilungnim, 11 months ago

what do you mean by lorenz curve.State one use of lorenz curve

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Answered by anusy2850

Explanation:

In economics, the Lorenz curve is a graphical representation of the distribution of income or of wealth. It was developed by Max O. Lorenz in 1905 for representing inequality of the wealth distribution. ... It can also be used to show distribution of assets.

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