The Human Development Index (HDI) is a powerful tool that goes beyond traditional economic metrics to measure a country's overall well-being. Developed in 1990, the HDI takes a multidimensional approach, considering not just a nation's economic
Measuring Development
Gini Coefficient: Unveiling the Math Behind Income Inequality (Calculation, Pros, Cons)
The Gini coefficient, or the Gini ratio or Gini index, is a powerful tool for measuring income inequality within a society. It goes beyond simply looking at a country's average income and sheds light on how wealth is distributed among its citizens.