The Lorenz Curve I A Level and IB Economics

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​The Lorenz curve is a simple graphical / visual representation of income or wealth distribution developed by American economist Max Lorenz in 1905.

#aqaeconomics #ibeconomics #edexceleconomics
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Simple and clear explanation. Thank you

Mvundvo
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Why do they call it a curve? What was described in the video is a piecewise function. Is there a more in depth analysis not being shown here?

RoyArrowood
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Russia should give me 1% of their wealth

astonmarchant
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