Consumer Choice

Consumer Choice

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. In economics, income distribution is how a nation's total GDP is distributed amongst its population.Income distribution has never been a central concern of economic theory and economic policy. Classical economists such as Adam Smith, Thomas Malthus and David Ricardo were mainly concerned with factor income distribution, that is, the distribution of income between the main factors of production, land, labour and capital.Modern economists have also addressed this issue, but have been more concerned with the distribution of income across individuals and households. Important theoretical and policy concerns include the relationship between income inequality and economic growth.show more

Product details

  • Paperback | 64 pages
  • 152 x 229 x 4mm | 104g
  • Verpublishing
  • United States
  • English
  • black & white illustrations
  • 6136167573
  • 9786136167572