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Successful entrepreneurs push technological and economic boundaries forward in creative ways and sometimes make unconventional decisions.
Lorenz Curve
The Lorenz curve is a graphical representation of the distribution of income or wealth within a society, illustrating inequalities.
Income Inequality
The unequal distribution of an economy’s total income among households or families.
Gini Curve
A graphical representation of the distribution of income or wealth within a society, used to measure economic inequality.
Quintile Distribution
A method of dividing a population into five equal groups based on their income levels or other measures.
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Q116: Explain the concept of total quality management.