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The Lorenz curve is a mathematical model which provides a graphical repre- sentation of wealth inequality. More precisely, the Lorenz curve is a plot of
The Lorenz curve is a mathematical model which provides a graphical repre- sentation of wealth inequality. More precisely, the Lorenz curve is a plot of percentage of a population (x) versus the cumulative percentage of wealth (y) held by that percentage of the population (the population under consideration and the exact meaning of "wealth" depend on the particular context). Because the x- and y-axes represent percentages, their values range from
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