Question

Personal Distribution is concerned with distribution of production among ______ in the
society
a. firms
b. industries
c. factors of distribution (land, labour, capital)
d. consumers

Answer 1

Answer:

is firms is the correct answer

Answer 2

Personal Distribution is concerned with distribution of production among consumers in the society.

• Personal distribution of national income refers to the distribution of national income among various individuals or persons in a society.
• Any type of business revolves around the production and distribution of goods and services to meet the needs of the target market's consumers.
• Personal distribution refers to the forces that govern the distribution of income and wealth among a country's various individuals or consumers.
• Under personal distribution, we investigate the pattern of national income distribution and the shares received by various classes.
• As is well known, national income is not distributed evenly across the country's various individuals. Some are wealthy, while others are impoverished. In fact, there are significant income disparities between individuals.
• Thus, the theory of personal distribution investigates how individuals' personal incomes are determined and how income inequalities emerge.

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