{"id":5368,"date":"2019-02-14T09:34:55","date_gmt":"2019-02-14T04:04:55","guid":{"rendered":"http:\/\/astan.lk\/al_virtualclassroom\/?p=5368"},"modified":"2019-02-16T10:56:25","modified_gmt":"2019-02-16T05:26:25","slug":"distribution-of-income","status":"publish","type":"post","link":"https:\/\/astan.lk\/al_virtualclassroom\/distribution-of-income\/","title":{"rendered":"Distribution of Income"},"content":{"rendered":"<ul>\n<li>There is a class difference between low income class and high income class in any society which has market system.<\/li>\n<li>It is called inequality of income distribution.<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Types of inequality of Income distribution<\/span><\/h3>\n<ul>\n<li>Relative distribution of income<\/li>\n<li>Absolute distribution of income<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Lorenz Curve<\/span><\/h3>\n<ul>\n<li>Nature of the relative income distribution can be illustrated by Lorenz curve.\n<ul>\n<li>The inequality of income distribution will be reduce a when the lorenz curve gets closer to the equal distribution curve.<\/li>\n<li>The inequality of income distribution will be increase when the lorenz curve is faraway from equal distribution curve.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Gini Coefficient<\/span><\/h3>\n<ul>\n<li>The amount of inequal distribution of income shown as lorenz curve can be measured by the Gini coefficient.\n<ul>\n<li>The inequality of income distribution increases when the Gini coefficient is closer to 1<\/li>\n<li>The inequality of income distribution decreases when the Gini coefficient is closer to 0 (zero)<\/li>\n<li>Gini coefficient is equal to 0 (zero) when there is no inequality of income<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>There is a class difference between low income class and high income class in any society which has market system. It is called inequality of income distribution. Types of inequality of Income distribution Relative distribution of income Absolute distribution of income Lorenz Curve Nature of the relative income distribution can be illustrated by Lorenz curve. [&hellip;]<\/p>\n","protected":false},"author":842,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54,2697],"tags":[],"class_list":["post-5368","post","type-post","status-publish","format-standard","hentry","category-economics","category-unit-10-en-economics"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Distribution of Income - Learning &amp; Education Portal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/astan.lk\/al_virtualclassroom\/distribution-of-income\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Distribution of Income - Learning &amp; Education Portal\" \/>\n<meta property=\"og:description\" content=\"There is a class difference between low income class and high income class in any society which has market system. 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