Examlex
The Step-wise Approach
Lorenz Curve
A graphical representation of the distribution of income or wealth within a society, demonstrating the degree of inequality.
Equally Distributed
A distribution paradigm where resources, wealth, or opportunities are evenly shared among all members of a society or group.
45 Degree Line
A reference line in economic graphs that represents where the value of the independent variable is equal to the value of the dependent variable.
Income
The money received, usually from a job, business, or assets, over a certain period of time.
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