Which one of these is a determinant of individual demand
1 Size and composition of population
2 Distribution of income
3 None of other
Answers
Answer:
Option-2
Distribution of income
Explanation:
Distribution of income
The distribution of income is what is meant when people say things like "the affluent become richer, and the poor get poorer." It explains how all of the income earned in a country is distributed among citizens with different income levels. A pie is the most typical visual used to discuss how revenue is distributed. If a pie were to symbolise all of the income that a nation's citizens earned, the distribution of income would be represented by the sizes of the pie slices distributed to the wealthy, the poor, and the middle class.
The wealthy typically receive an excessively big share of the economic pie in any capitalist country (where most enterprises are owned by individuals rather than the government.
FINAL ANSWER - Option-2
Distribution of income
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