Economics Readings Site By Colin Ong

This blog has been created to provide an area for economics students to read about how economics impacts daily life. It is especially useful for students to understand the application of macroeconomics as communicated through the media and governmental websites.

This online resource has been set up for educational purposes.All rights are reserved by the various websites.

For further clarification, please email colin@mrmc.com.sg

Brief description: The Lorenz curve is a way of illustrating the income distribution of a country. The more curved the line the more unequal the distribution of income.

Detailed description: The horizontal axis of the diagram measures the percentages of the population while the vertical axis shows the percentage of the national income that they receive. The further the Lorenz Curve is from the line of perfect equality, the more unequal the distribution of income in that country.