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- Income distribution is the way that a country's total GDP is distributed among its population123. It reflects the equality or smoothness with which people's incomes are dealt out45. Income distribution is a central concern of economics and economic policy, as it reveals more about a country's economy and wage patterns than average income does51. Income distribution can be measured by the functional distribution of income or the personal distribution of income3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
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.
en.wikipedia.org/wiki/Income_distributionIncome distribution proves to be the way that a country’s entire gross domestic product is actually shared out among all members of the population. This has long been a main concern of the study of economics and related governmental economic policies.www.financial-dictionary.info/terms/income-distribut…income distribution the share out of NATIONAL INCOME between the various FACTOR INPUTS (FUNCTIONAL DISTRIBUTION OF INCOME) or between factor input suppliers and other recipients (PERSONAL DISTRIBUTION OF INCOME).financial-dictionary.thefreedictionary.com/income+d…Income distribution is the smoothness or equality with which income is dealt out among members of a society. If everyone earns exactly the same amount of money, then the income distribution is perfectly equal. If no one earns any money except for one person, who earns all of the money, then the income distribution is perfectly unequal.www.sparknotes.com/economics/micro/incomedistr…Income distribution looks at how much different socioeconomic groups in a country earn. In other words, income distribution refers to the equality or smoothness with which people’s incomes are distributed. Income distribution tells us much more about a country’s economy and its wage patterns than average income does.
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