In economics, the Gini coefficient, also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality, the wealth inequality, or the consum
Corrado Gini was an Italian statistician, demographer and sociologist who developed the Gini coefficient, a measure of the income inequality in a society. Gini was a proponent of organicism and applie
Gini coefficient
…the wealth inequality, or the consumption inequality within a nation or a social group. It was developed by Italian statistician and sociologist Corrado Gini. The Gini coefficient measures the inequality among the values of a frequency distribution, such as income levels. A Gini coefficient of 0 reflects…