Search results
Results from the WOW.Com Content Network
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). [1] 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.
Legislation that follows the distributive tendency has benefits that flow to many districts and can come in many forms, though in current day they are often monetary. [3] The distributive tendency is a form of distributive politics, which is the spreading of benefits across different areas, interests, and constituencies in one piece of legislation.
The Journal of Economic Literature classification codes associate political economy with three sub-areas: (1) the role of government and/or class and power relationships in resource allocation for each type of economic system; [15] (2) international political economy, which studies the economic impacts of international relations; [16] and (3 ...
To attain an efficient allocation of resources with the desired distribution of income, if the assumptions of the competitive model are satisfied by the economy, the sole role of the government is to alter the initial distribution of wealth [11] – the major drivers of income inequality in capitalist systems – was virtually nonexistent; and ...
The concept of inequality is distinct from that of poverty [5] and fairness. Income inequality metrics (or income distribution metrics) are used by social scientists to measure the distribution of income, and economic inequality among the participants in a particular economy, such as that of a specific country or of the world in general.
[16] A few distributists, including Dorothy Day, [17] were influenced by the economic ideas of Pierre-Joseph Proudhon and his mutualist economic theory. [18] The lesser-known anarchist branch of distributism of Day and the Catholic Worker Movement can be considered a form of free-market libertarian socialism due to their opposition to state ...
In addition, monetary factors affect income distribution and economic growth. Income distribution is a nominal variable and economic growth is an actual variable. The concept of currency neutrality may apply in economic-growth research; while studying income distribution, currency factors are important and cannot be ignored.
In economics, the field of public finance deals with three broad areas: macroeconomic stabilization, the distribution of income and wealth, and the allocation of resources. . Much of the study of the allocation of resources is devoted to finding the conditions under which particular mechanisms of resource allocation lead to Pareto efficient outcomes, in which no party's situation can be ...