Complex sentence: In economics, the Lorenz curve is a graphical representation of the cumulative distribution function of the empirical probability distribution of wealth or income, and was developed by Max O. Lorenz in 1905 for representing inequality of the wealth distribution.
Split into simpler sentences: In economics, the Lorenz curve is a graphical representation of the distribution of income or of wealth. It was developed by Max O. Lorenz in 1905 for representing inequality of the wealth distribution.