Description: The Gini coefficient is a measure of inequality of a distribution. It is defined as a
ratio with values between 0 and 1. The Gini coefficient is often used to measure income inequality. Here, 0 corresponds to perfect income equality (i.e. everyone has the same income) and 1 corresponds to perfect income inequality (i.e. one person holds all the income, while the majority of the population has zero income).
Description: The Foster, Greer, Thorbecke poverty measure puts higher weight on the poverty of the poorest individuals, making it a combined measure of poverty and income inequality.