What Is a Lorenz Curve? What Does It Mean If

question 4

Essay

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

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Definitions:

Colourblindness

A visual deficiency where an individual's perception of colors is limited or distorted, or a metaphorical reference to an approach of ignoring racial and ethnic differences supposedly promoting equality.

Injustices

Situations or actions that violate principles of fairness, morality, or legally established rights, often leading to discrimination or oppression.

Residential Schools

Schools established to integrate Indigenous children into mainstream society, frequently involving the forced removal from their communities and suppression of their cultural practices.

Systemic Racism

A form of racism that is embedded in the laws and regulations of a society or an organization, leading to discrimination and inequality.