Question

Distinguish between equal and equitable distribution of income which one is more important and why

Answer 1

Distribution of  income- It is the way in which the income of a nation is divided among its population.

In here, equal means the same while equitable refers to fairly . Of these , the equitable distribution of income is helpful in accelerating the growth  of the nation.

At the same time , it is helpful in promoting the economic development of the nation.

To sum in simple words, the better is the equitable distribution of income, the better is the growth of the nation.    

Answer 2

Answer:

• #Equal distribution means that every individual in the society gets the name share in the country's is national income.
• Equal distribution means that every individual in the society gets the name share in the country's is national income. # Equitable distribution, on the other hand, refers to a situation where differences in income are allowed but only within certain limits.
• Equal distribution means that every individual in the society gets the name share in the country's is national income. # Equitable distribution, on the other hand, refers to a situation where differences in income are allowed but only within certain limits. #These differences limits are to be such that they are socially warranted and are proportionate to the differences in qualification and skill of different individuals in the society.