Question
Lorenz curve shows
Answer: Option A
Answer: (a)
In economics, the Lorenz curve is a graphical representation of the distribution of income or of wealth. It was developed by Max O.
Lorenz in 1905 for representing inequality of the wealth distribution.
On the graph, a straight diagonal line represents perfect equality of wealth distribution; the Lorenz curve lies beneath it, showing the reality of wealth distribution.
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Answer: (a)
In economics, the Lorenz curve is a graphical representation of the distribution of income or of wealth. It was developed by Max O.
Lorenz in 1905 for representing inequality of the wealth distribution.
On the graph, a straight diagonal line represents perfect equality of wealth distribution; the Lorenz curve lies beneath it, showing the reality of wealth distribution.
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