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Dextron Customs, a custom automobile shop, received an order for a customized motorcycle. The client specified that it needed a motorcycle with an 800 cc engine that delivered at least 70 PS power. Since the client did not provide details about the number of cylinders required in the engine, Dextron Customs chose to include a two-cylinder engine. Although the motorcycle was made as per the specifications provided by the client, the client was not satisfied because it featured a two-cylinder engine instead of a four-cylinder engine. In this scenario, the most likely reason for the client's dissatisfaction with the product is that the:
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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