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Gini coefficient understanding

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What is Gini coefficient? What is it and how is it related to income distribution?

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The expert defines Gini coefficient. How it is related to income distirbution is determined. The response addresses the queries posted in 186 Words, APA References

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The response addresses the queries posted in 186 Words, APA References

Gini Coefficient

The Gini coefficient is used to measure the difference in the income distribution. It can be defined as a ratio that includes the values between 0 and 1. The lower Gini coefficient describes the equal distribution of the income or ...

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