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Muketo Samuhi
@samuhimuketo
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 consumption inequality within a nation or a social group. It was developed by Italian statistician and sociologist Corrado Gini.
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irishka14
@irishka14
The Gini coefficient is indeed a crucial tool in understanding economic disparity within a society. It provides an insightful perspective into the levels of income or wealth inequality.
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