Lorenz Curve | Gini Coefficient | Income Inequality | (HINDI)
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- เผยแพร่เมื่อ 11 พ.ย. 2020
- The Lorenz curve is a way of showing the distribution of income (or wealth) within an economy. It was developed by Max O. Lorenz in 1905 for representing wealth distribution. The Lorenz curve shows the cumulative share of income from different sections of the population. The Lorenz Curve can be used to calculate the Gini coefficient - another measure of inequality. The Gini coefficient is area A/A+B. The closer the Lorenz curve is to the line of equality, the smaller area A is. And the Gini coefficient will be low.
If there is a high degree of inequality, then area A will be a bigger percentage of the total area.
A rise in the Gini coefficient shows a rise in inequality - it shows the Lorenz curve is further away from the line of equality.
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Thank u for lecture ,at the perfect equality line shows distribution of income is equal and below it share of population increase in less income shows by Lorenz curve but if any point occured up to perfect equality line ,then what named such line to be ( can it's possible)
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Suppose the Gini ratio for rural Afghanistan is 0-35 and that for urban Afghanistan is 0-45, the combined Gini ratio for the entire country will be
A)0-40
B)between 0-35 and 0-45
C)between 0 and 1
D)less than 0-40
Sir please answer
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I have questions sir
1- Can lorenz curve lie above the line of inequality? If not then what are the reasons?
2- Can Gini-coefficient be negative? Did this coefficient affected by Covid 19?
Income can be 0 at its lowest but not negative
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@@EZClassesfaghsa 19. When Marginal utility diminishes, total utility _____. (a) diminishes, (b) increases, (c) remains
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1, (b) >1, (c)
I think we can also use integration to find area under Lorenz Curve .
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