Income Inequality: The Lorenz Curve and Gini Coefficient

The Lorenz Curve is a way to represent the level of income inequality in a country with a single line. The Gini Coefficient is a way to represent the level of income inequality in a country with a single number.
This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.

[@MahletYalemzewd]

actualy i can't understand

[@skilfulCOM]

Sorry - but you are wrong & deluding yourself - inequality always worsens. Maybe you can show me wrong? I did analysis of inequality metrics in 2014 and was shocked - thought I may be mad. Below is from my site: Look at the methodology of Lorenz curve - a propaganda tool so you do not compare incomes to each other. Instead of comparing incomes, sensational misdirection, you compare all incomes to a 'perfect equality line'. The calculation merely compares poorest 20% to just an average income, then continues underestimate rest. The Lorenz curve is basis of the Gini coefficient, about which all economists lie, saying it measures inequality. A Gini coefficient cannot be used to compare counties or even one country year on year - a demonstrable fact.