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Gini coefficient

Also known as Gini index

measure of inequality in income or wealth distribution

AI overview

The Gini coefficient is a number that measures how unequally income or wealth is distributed among people in a group, where a score of zero means perfect equality and higher scores indicate greater inequality. It matters because it helps policymakers and researchers understand and compare how fairly resources are spread across different countries or populations.

AI-generated from the Wikipedia summary — may contain errors.