What is gini coefficient, Microeconomics

Q. What is Gini Coefficient?

Gini Coefficient: A statistical measure of inequality. A Gini score of 0 signifies perfect equality (in which each individual receives the same income). A Gini score of 1 implies perfect inequality (in that one individual receives all of the income).

Posted Date: 8/26/2013 1:43:05 AM | Location : United States

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