What Is a Lorenz Curve? Draw One,labeling the Axes

question 18

Essay

What is a Lorenz curve? Draw one,labeling the axes.

---

Definitions:

Loanable Funds

The total resources or funds available for borrowing in the financial markets, encompassing both savings and any additional credit provided by banks.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan amount.

Uninsurable Risks

refers to risks that insurance companies are unwilling to cover due to their unpredictable or potentially catastrophic nature.

Entrepreneur

A person who organizes, operates, and assumes the risk for a business venture, often introducing new products, services, or business processes.