The Gini coefficient is a measure of income inequality within a population, with 0 representing perfect equality and 1 representing complete income disparity.
The Gini coefficient, or Gini ratio, is a measure of income inequality within a population. It is calculated using financial indicators and is expressed as a decimal or percentage. A Gini coefficient of 0 represents perfect equality where everyone has the same income, while a coefficient of 1 signifies complete income disparity with one person holding all the income.
https://brainly.com/question/33677563