Download App

Measures of Dispersion — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMeasures of Dispersion1 Mark
Question
What is a Lorenz curve?
✓

Answer

Lorenz curve is a graphical representation of dispersion, which is mainly used to study about the distribution of income, wealth, profit, etc.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Measures of Dispersion→Measures of Dispersion — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Give the meaning of non-economic activity.
→
What is the problem of choice?
→
If the demand for Good-Y increases as price of another Good-X rises, how are the two goods related?
→
Collect the price of five vegetables from your local market every day for a week. Calculate their correlation coefficients. Interpret the result.
→
Define marginal rate of substitution.
→
A shoe manufacturing company only manufactures shoes for adults. Company wants to know the most popular size. Which measure of central tendency will be the most appropriate?
→
Define inferior goods.
→
What are the requisites of an ideal average?
→
What do you mean by 'monotonic preferences?
→
What are the conditions for the producer's equilibrium?
→