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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.

Interesting post! The Gini coefficient is a crucial tool for analyzing inequality within societies. Understanding these measures can shed light on important economic and social issues.