Examlex
Explain the steps in the research process. Provide a real-life example of each step.
Income Inequality
The imbalanced dispersion of income across various economic participants, including individuals and households.
Lorenz Curve
An illustrated chart that maps out the distribution of wealth or income among individuals in a society, revealing disparities.
Income Inequality
The unequal distribution of income among members of a society.
Gini Ratio
An assessment of the variation in income levels within a population, where 0 reflects equality in earnings and 1 reflects the highest possible inequality.
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