Question

what is lorenz curve?

Answer 1

Lorenz curve is the graphical representation of distribution of wealth among the people in a country. The inequality is shown by the difference between the 45 degree straight line and the Lorenz curve. 

Answer 2

$Lorenz\:Curve$

lorenz curve is used for graphical representation of distribution of income or wealth. it was developed by Max. O. lorenz in 1905for representing inequality of the wealth distribution. .