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Gini Coefficient: Difference between revisions
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(Created page with "== Gini Coefficient == The Gini coefficient, also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income or wealth distribution of a nation's residents. It is the most commonly used measure of inequality. The Gini coefficient ranges from 0 to 1, where 0 corresponds to perfect equality (everyone has the same income) and 1 corresponds to perfect inequality (one person has all the income, and everyone else has none)....") |
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The Gini coefficient, also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income or wealth distribution of a nation's residents. It is the most commonly used measure of inequality. The Gini coefficient ranges from 0 to 1, where 0 corresponds to perfect equality (everyone has the same income) and 1 corresponds to perfect inequality (one person has all the income, and everyone else has none). | The Gini coefficient, also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income or wealth distribution of a nation's residents. It is the most commonly used measure of inequality. The Gini coefficient ranges from 0 to 1, where 0 corresponds to perfect equality (everyone has the same income) and 1 corresponds to perfect inequality (one person has all the income, and everyone else has none). | ||
[[Image:Detail-92007.jpg|thumb|center|A group of diverse people representing different income levels.|class=only_on_mobile]] | |||
[[Image:Detail-92008.jpg|thumb|center|A group of diverse people representing different income levels.|class=only_on_desktop]] | |||
=== History and Origin === | === History and Origin === | ||