Free Online Dictionary
|Wikipedia English The Free Encyclopedia||Download this dictionary|
Distribution in economics refers to the way total output, income, or wealth is distributed among individuals or among the factors of production (such as labour, land, and capital).. In general theory and the national income and product accounts, each unit of output corresponds to a unit of income. One use of national accounts is for classifying factor incomes and measuring their respective shares, as in National Income. But, where focus is on income of persons or households, adjustments to the national accounts or other data sources are frequently used. Here, interest is often on the fraction of income going to the top (or bottom) x percent of households, the next y percent, and so forth (say in quintiles), and on the factors that might affect them (globalization, tax policy, technology, etc.).
|See more at Wikipedia.org...|
The following video provides you with the correct English pronunciation of the word "Distribution (economics)", to help you become a better English speaker.
© This article uses material from Wikipedia® and is licensed under the GNU Free Documentation License and under the Creative Commons Attribution-ShareAlike License
| Distribution (economics) in English
You think you have ethics... Take the survey NOW!