Examlex
The data reporting that sickle cell disease affects approximately 1 in 600 American blacks is an example of which concept?
Lorenz Curve
A graphical representation of the distribution of wealth or income within a society, depicting inequality.
45° Line
A reference line in economics and finance, representing situations where two measured quantities are equal.
Income Distribution
Describes how a nation’s total GDP is distributed amongst its population, often highlighting the disparities between different income groups.
Market Economy
An economic system where supply and demand within a free market determine the production of goods and services, with minimal governmental intervention.
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