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Another Term for the Difference Threshold Is

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Another term for the difference threshold is:


Definitions:

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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