Gini index
Definition
Standard economic measure of income inequality, based on Lorenz Curve. A society that scores 0.0 on the Gini scale has perfect equality in income distribution. Higher the number over 0 higher the inequality, and the score of 1.0 (or 100) indicates total inequality where only one person corners all the income. It is used also as a measure of other distributional inequalities such as market share. Named after its inventor, the Italian statistician Corrado Gini (1884-1965). Also called Gini coefficient or index of concentration.
Gini index is in the Economics, Politics, & Society and Statistics, Mathematics, & Analysis subjects.
Gini index appears in the definitions of the following terms: Gini coefficient and index of concentration
This content can be found on the following page:
http://www.businessdictionary.com/definition/gini-index.html
email to a friend
print this definition
cite this definition
link to this page
