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What is measured on the two axes of a Lorenz curve?

Lorentz curve is graphical representation of cumulative income of quintiles in comparison to theline which shows the totally equal distribution of money. The Y-axis shows the cumulative incomeof people as per the quintiles while the X-axis shows the population share.

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Chapter 14

Poverty and Economic Inequality

Markets and Welfare

The Economics of Labor Markets

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what it's measured on the two access off Laura's curve. What ISS a loris curve It is a graph that compares to a cumulative income actually received toe are perfectly equal distribution off income, so it shows the share of population off the horizontal access and a cumulative percentage off total income received on the vertical axis.

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