Examlex
A manager who is "living in the past," is most likely to follow the optimizing approach to decision making.
Lorenz Curve
A graphical representation used in economics to show the distribution of income or wealth within a society, illustrating levels of inequality.
Personal Distribution
The distribution of income and wealth among individuals and households in an economy.
Gini Ratio
An index that quantifies the disparity in income distribution among a population, where 0 signifies complete equality and 1 denotes complete disparity.
Income Distribution
The way in which total income is shared among the population or different groups within a society.
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