Aparna Lucknow, India 601 Questions 0 Answers 0 Best Answers 678 Points View Profile Aparna Asked: September 30, 20212021-09-30T20:41:25+05:30 2021-09-30T20:41:25+05:30In: Economics What is Lorenz Curve? What is Lorenz Curve? economic graphs in indicator Share Facebook 1 Answer Recent 0 Questions 518 Answers 176 Best Answers 0 Points View Profile [Deleted User] 2021-09-30T20:42:53+05:30Added an answer on September 30, 2021 at 8:42 pm Lorenz Curve It was developed by Max Lorenz in 1906. The Lorenz Curve (the actual distribution of income curve), is a graphical distribution of wealth, shows the proportion of income earned by any given percentage of the population. The line at the 45º angle shows perfectly equal income distribution, while the other line shows the actual distribution of income. The further away from the diagonal, the more unequal the size of the distribution of income. 0 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer. Related Questions What is W-shaped recovery? What is U-Shaped recovery?