What does distribution of income mean?
Definitions for distribution of income
dis·tri·bu·tion of in·come
This dictionary definitions page includes all the possible meanings, example usage and translations of the word distribution of income.
Wikipedia
distribution of income
In economics, income distribution covers how a country's total GDP is distributed amongst its population. Economic theory and economic policy have long seen income and its distribution as a central concern. Unequal distribution of income causes economic inequality which is a concern in almost all countries around the world.Classical economists such as Adam Smith (1723–1790), Thomas Malthus (1766–1834), and David Ricardo (1772–1823) concentrated their attention on factor income-distribution, that is, the distribution of income between the primary factors of production (land, labour and capital). Modern economists have also addressed issues of income distribution, but have focused more on the distribution of income across individuals and households. Important theoretical and policy concerns include the balance between income inequality and economic growth, and their often inverse relationship.The Lorenz curve can represent the distribution of income within a society. The Lorenz curve is closely associated with measures of income inequality, such as the Gini coefficient.
Editors Contribution
distribution of incomeadjective
How income is distributed
Distribution of income within a society is so important and it must be completely equally to a standard agreed
Submitted by MaryC on February 24, 2023
Numerology
Chaldean Numerology
The numerical value of distribution of income in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of distribution of income in Pythagorean Numerology is: 6
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"distribution of income." Definitions.net. STANDS4 LLC, 2024. Web. 8 May 2024. <https://www.definitions.net/definition/distribution+of+income>.
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