Explain the central problem of for …
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Posted by Anmol Kaur 5 years, 4 months ago
- 3 answers
Łegënď Gàmïñg 5 years, 3 months ago
Yogita Ingle 5 years, 4 months ago
This studies the problem of distribution of final goods and services or the problem of distribution of income.
It has two aspects. The first aspect relates to personal distribution and the second aspect relates to functional distribution.
Personal distribution refers to output/income share of individuals or households in society.
Functional distribution refers to income share of different factors of production.
Here, the problem is whether allocation of resources is promoting equality or not.
Equality is a social virtue, and inequality may induce high saving, investment and hence high rate of growth.
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Divyaang Gupta 5 years, 3 months ago
0Thank You