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many argue that poverty is a direct result of inequalities in the distribution of income in...

many argue that poverty is a direct result of inequalities in the distribution of income in a country: the rich and the poor. One of the measures they use to determine this inequality is called the "Gini coefficient." Can you do a bit of research and explain briefly how the Gini works?

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Answer #1

Gini Coefficient :

Gini Coefficient is a measure of statistical dispersion . It represents wealth distribution and is a commonly used measure of inequality .

The Gini coefficient measures the inequality among levels of income . A Gini coefficient of zero expresses perfect equality, where all values are the same (where everyone has the same income) . A Gini coefficient of 1 (or 100%) expresses maximal inequality among values (where only one person has all the income or consumption, and all others have none, the Gini coefficient will be very nearly one) .

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