Lorenz Curve A curve illustrating the degree of equality of income distribution in an economy. It plots the cumulative percentage of income received by cumulative shares of the population. Where do we fare as a country on the Lorenz curve and what does it say about South Africa’s income distribution

Principles of Economics 2e
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Chapter15: Poverty And Economic Inequality
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Problem 13SCQ: Why is there reluctance on the part of some in the United States to redistribute income so that...
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Lorenz Curve
A curve illustrating the degree of equality of income distribution in an economy. It plots the
cumulative percentage of income received by cumulative shares of the population. Where do
we fare as a country on the Lorenz curve and what does it say about South Africa’s income
distribution

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