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POVERTY — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsPOVERTY2 Marks
Question
What is Gini Co-efficient?
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Answer

Gini co-efficient is numerical measurement of distribution of income and property based on Lorenz curve. It lies between $0$ and $1.$ If the value of Gini co-efficient is $0$ then it shows equal distribution of income. If value of Gini co-efficient is $1$ then it shows that whole property belong to one person. More the value of Gini co-efficient more unequal is the distribution of property.

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