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What Is a Lorenz Curve? What Does It Mean If

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What is a Lorenz curve? What does it mean if the gap between a Lorenz curve and the diagonal line gets smaller over time?


Definitions:

Personal and Professional Goals

Objectives that an individual aims to achieve in their personal life and career.

Investing

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Educational Program

A structured set of courses or activities designed to provide knowledge or skills to participants.

Helping Professions

Fields of work focused on aiding individuals, families, groups, and communities to improve their well-being and solve personal or social problems.

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