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POVERTY — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsPOVERTY2 Marks
Question
What is Lorenz curve?
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Answer

The Lorenz curve is a graphical representation of the distribution of income and property. In $1905,$ Max. O. Lorenz explained the inequality of property through Lorenz curve

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