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In economics, distribution is 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 in for example the U.S. National Income and Product Accounts, each unit of output corresponds to a unit of … See more
Income distribution can describe a prospectively observable element of an economy. It has been used as an input for testing theories explaining the distribution of income, for example human capital theory and the … See more
• Median household income (simplest measure of relative and absolute in income distribution)
• See moreIn neoclassical economics, the supply and demand of each factor of production interact in factor markets to determine equilibrium output, … See more
Vilfredo Pareto proposed the distribution of income can be described by a power-law: this is now called the Pareto distribution. See more
• U.S. National income by type of income, 1959–2005 from 2006 Economic Report of the President via Federal Reserve Bank of St. Louis. See more
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