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What is Gini Co-efficient?

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Gini co-efficient is numerical measurement of distribution of income and property based on Lorenz curve. It lies between 0 and 1. If the value of Gini co-efficient is 0 then it shows equal distribution of income. If value of Gini co-efficient is 1 then it shows that whole property belong to one person. More the value of Gini co-efficient more unequal is the distribution of property.

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