The Gini coefficient is equal to the area below the line of perfect equality (0.5 by definition) minus the area below the Lorenz curve, divided by the area below the line of perfect equality. In other words, it is double the area between the Lorenz curve and the line of perfect equality.
The Beggar Summary – 'The beggar' is the story of a beggar named Lushkoff. While begging, he met an advocate, Sergei who gave him work. Sergei asked him to cut wood at his house. He asked the cook to show him the shed where wood was kept.
Consumers do not always look for the ____ or even the best price/quality ratio. other criteria can be equally or more important than price for certain types of purchases and in certain buying situations.