Economy, asked by Mula5022, 1 year ago

What is equitable distribution of income?

Answers

Answered by ManasviJoshi
2

Answer:

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Explanation:

more equitable distribution of income may help accelerate growth and promote economic development. Equitable doesn’t mean equal distribution of income. It refers to the distribution of income that is ‘fair,’ but the concept of ‘fair’ is subjective.

Distribution of wealth and income is the way in which the wealth and income of a nation are divided among its population. Or the way in which the wealth and income of the world are divided among nations.

An equitable distribution of wealth gives all citizens a fair opportunity to become successful.

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