ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The Gini coefficient ranges from 0, indicating perfect equality (where everyone receives an equal share), to 1, perfect inequality (where only one recipient or group of recipients receives all the income).

Detailed explanation-2: -The Gini coefficient is based on the comparison of cumulative proportions of the population against cumulative proportions of income they receive, and it ranges between 0 in the case of perfect equality and 1 in the case of perfect inequality.

Detailed explanation-3: -The Gini Coefficient The calculated Gini coefficient can take on a value from 0 to 1. A Gini coefficient equal to 0 indicates that there is zero disparity in the population such as in the case where there is perfect equality. A Gini coefficient equal to one indicates that there is perfect inequality in the population.