BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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producers and resource owners.
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consumers and producers.
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consumers and resource owners.
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producers and economizers.
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Detailed explanation-1: -The distribution of income and wealth can be measured in two ways: Lorenz Curve which plots percentiles of the population on the horizontal axis according to their share of total income or wealth. Gini coefficient which is a coefficient from 0 to 1 that measures statistical dispersion of income or wealth.
Detailed explanation-2: -The Gini index, or Gini co-efficient, measures income distribution across a population. more.
Detailed explanation-3: -The two types of income distribution are equal and unequal income distribution.
Detailed explanation-4: -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 income.