Lorenz Curve

The Lorenz Curve is a graphical representation used in economics to visualize income or wealth inequality within a population. It is named after the American economist Max O. Lorenz, who developed it in 1905. The Lorenz Curve is particularly useful for assessing how income or wealth is distributed among different segments of a society.

Here's how the Lorenz Curve works:

1. Data Collection: To create a Lorenz Curve, you first need data on the distribution of income or wealth among individuals or households within _________ _____ ____ ____ ________ ________ ___ _______ ________ _____ __________ _________.
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