Measurement of Inequality by Lorenz Curve and Gini Coefficient ।। By Geo Funda

The video Measurement of Inequality by Lorenz Curve and Gini Coefficient gives the detail idea of Lorenz Curve and Gini Coefficient made by Geo Funda.Lorenz Curve is a pictorial portrayal of inequality in income or inequality in wealth. It was developed by Max Otto Lorenz, an American economist, in the year 1905.
The area across the straight line and curved line is the Gini Coefficient. It is expressed as a ratio of the area below the straight line. The Gini Coefficient is one of the measurements of inequality. It was developed by Corrado Gini, an Italian statistician, in the year 1912.
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