A gini coefficient of 0 represents perfect income equality, while a gini coefficient of 1 represents perfect income inequality.
Gini coefficient, measures profits distribution throughout a populace. developed by the Italian statistician Corrado Gini in 1912, it frequently serves as a gauge of economic inequality, measuring income distribution or, much less normally, wealth distribution among a population.
Gini coefficient, measures profits distribution throughout a populace. developed by the Italian statistician Corrado Gini in 1912, it frequently serves as a gauge of economic inequality, measuring income distribution or, much less normally, wealth distribution among a population.
Gini index less than zero,represents ideal profits equality, zero.relative equality, zero large earnings hole, and above zero.5 represents severe earnings hole. consequently, the caution stage of Gini index is 0. A coefficient of zero suggests a superbly same distribution of earnings or wealth within a populace.
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