describe the problem of distribution of income?
Answers
Answer:
It is a problem concerning the distribution of goods and services among factors of production and individuals in an economy. This problem has two aspects : (i) Distribution of income between the different factors of production,(ii) Distribution of income in present as well as in future.
Answer:
Income distribution is the smoothness or equality with which income is dealt out among members of a society. If everyone earns exactly the same amount of money, then the income distribution is perfectly equal. Usually, however, a society's income distribution falls somewhere in the middle between equal and unequal.
Explanation:
It is a problem concerning the distribution of goods and services among factors of production and individuals in an economy. This problem has two aspects : (i) Distribution of income between the different factors of production,(ii) Distribution of income in present as well as in future