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Income Distribution
The way in which total income is spread amongst the population or different groups within a society.
Lorenz Curve
A diagrammatic representation that exhibits how wealth or income is distributed among people in a society, underscoring the existing inequalities.
Gini Ratio
A scale measuring the degree of income difference among people in a demographic, with 0 symbolizing perfect equity and 1 symbolizing utter inequity.
Greater Inequality
A situation characterized by a wider disparity in income, wealth, opportunities, and other socioeconomic indicators among individuals or groups within a society.
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