what do you understand by Lorenz curve
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A Lorenz curve is a graphical representation of income inequality or wealth inequality developed by American economist Max Lorenz in 1905. Thegraph plots percentiles of the population on the horizontal axis according to income or wealth.
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➜A Lorenz curve is a graphical representation of income inequality or wealth inequality developed by American economist Max Lorenz in 1905. The graph plots percentiles of the population on the horizontal axis according to income or wealth.
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