it is a graph used to measure the income distribution of a country. its brother gini coefficient is used in comparisons between countries.
(see: lorenz curve)
it's the curve that shows what percentage of the population, what percentage of the income they get... it should hang down, otherwise you're being duped - maybe even pocketed, huh?- it doesn't say...
in the column, the national income line is given as a percentage of the country's population, then the national income is distributed to the population, the more curved the distribution is according to the hypotenuse, the more unequal the income is. if you are rich you consume less part of your income (in terms of essential goods) if you are poor you have to spend a large part of your income on consumption. when an income policy is applied in favor of the poor, consumption will be more. we make these and similar comments with the help of the lorenz curve.
x-axis: the cumulative (cumulative) % part of the population. in the case of perfectly equal income distribution, the curve is a line of 45 degrees, ie the poorest 10% gets 10% of the income, 50% gets 50% etc. if we try to think of the case of perfect inequality, the curve is coincident with the x-axis up to the 100% point, that is, the last everyone but the person owns 0% (i.e. nothing) of the income, the last person (the king, the emir, etc anyway) has 100%.
this curve, which looks like a vagina drawn crosswise between the x and y axes, gave me so much grass that when i gave the economics course at the end of 2 years, i wanted to find the grave of this person named lorenz and leave a black wreath arranged in the shape of a lorenz curve on it.
(see: lorenzo s oil)
(see gini index)