Corrado Gini

Corrado Gini was an Italian statistician and sociologist best known for creating the Gini coefficient, a measure of income inequality within a country. The Gini coefficient ranges from 0 to 1, where 0 indicates perfect equality (everyone has the same income) and 1 indicates maximum inequality (one person has all the income). This tool helps compare economic disparities across nations or regions, providing insight into social and economic health. Gini's work has been influential in understanding and addressing income distribution issues worldwide.