Kuznets' hypothesis suggests that this undergoes a U shape curve in a developing economy, and its magnitude is also given by the Robin Hood index.
The magnitude of this condition is measured by Theil's index which relies on entropy theory and by the Atkinson index which relies on the equity-sensitive average income. Okun acknowledged the existence of "leaky buckets" which decreased the efficiencies of programs that sought to decrease this. Kuznets' hypothesis suggests that this undergoes a U shape curve in a developing economy, and its magnitude is also given by the Robin Hood index. The area to the right of the 45 degree line, called the Gini coefficient, is one method of describing this condition, and it is depicted graphically via the Lorentz curve. For 10 points, identify this condition in which individuals have a differential amount of wealth.
The magnitude of this condition is measured by Theil's index which relies on entropy theory and by the Atkinson index which relies on the equity-sensitive average income.
{inequality} [wealth {inequality}, income {inequality} are {fine}]