Question

How is national income distributed to the factors of production?

Answer 1

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❏Distribution theory, in economics, the systematic attempt to account for the sharing of the national income among the owners of the factors of production—land, labour, and capital.

❏Traditionally, economists have studied how the costs of these factors and the size of their return—rent, wages, and profits—are fixed.

Answer 2

Explanation ♥️

★ Distribution theory, in economics, the systematic attempt to account for the sharing of the national income among the owners of the factors of production—land, labour, and capital.

★ Traditionally, economists have studied how the costs of these factors and the size of their return—rent, wages, and profits—are fixed.

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