Definition: Inverted U-shaped Curve

Inverted U-shaped Curve - "the shape of the curve that frequently relates income inequality to the level of economic development. As economic development proceeds, income inequality may follow an upside-down U, first increasing (from lowto middle-income countries), and then decreasing (from middle- to high-income countries)." - source: Economic Development 4th Edition by E. Wayne Nafziger

No comments:

Post a Comment