Lorenz curve
Revision as of 08:46, 2 June 2020 by Kevmwangi (talk | contribs) (Created page with "Lorenz curve is a graph that shows the share of population on the horizontal axis and the cumulative percentage of total income received on the vertical axis. ==Definiti...")
Lorenz curve is a graph that shows the share of population on the horizontal axis and the cumulative percentage of total income received on the vertical axis.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Lorenz curve. A graph that shows the share of population on the horizontal axis and the cumulative percentage of total income received on the vertical axis.
