No products in the cart.

distinguish between equal and equitable distribution …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

distinguish between equal and equitable distribution of income. which one is more important and why?
  • 2 answers

Jasleen Sandhu 2 years, 7 months ago

yes

Komal Prasad 7 years, 3 months ago

Distribution of wealth and income is the way in which the wealth and income of a nation are divided among its population. Equal means 'same', whereas equitable means 'fairly'. That way, equal distribution means every individual gets a name share in country's national  income. Equitable distribution refers to a situation where differences in income are allowed but with certain limitations as such that these differences are socially warranted and are proportionate to the differences in qualifications and skills of different individuals in the society. 

A more equitable distribution of income may help accelerate growth and promote economic development. Equitable does not mean equal distribution of income. It refers to the distribution of income that is ‘fair,’ but the concept of ‘fair’ is subjective.

http://mycbseguide.com/examin8/

Related Questions

Notes
  • 0 answers
Features of ur
  • 0 answers
Featured of ur
  • 1 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App