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Which of the following is true about teams?
Gini Ratio
A measure to determine the imbalance in earnings among a community's members, moving from 0, suggesting equality, to 1, suggesting extreme inequality.
Perfect Income Equality
A hypothetical scenario where every individual or household in a society earns exactly the same income, eliminating any income disparity.
Lorenz Curve
A graphical representation of the distribution of income or of wealth within a population, highlighting inequalities.
Gini Ratio
An indicator of how income is distributed across a population, varying from 0 for total equality to 1 for absolute inequality.
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