Distribution of income, Microeconomics

Q. Distribution of income?

Distribution:Distribution of income reflects the process by which real output of services and goods produced by the economy is allocated to different groups of people andindividuals. Distribution can be measured across individuals (comparing low-income and high-income households) or across classes (comparing the incomes of workers, capitalists and small businesses).

Posted Date: 8/26/2013 1:21:14 AM | Location : United States

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