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balandron [24]
3 years ago
13

A. The factor distribution of income describes the relationship between

Business
1 answer:
ArbitrLikvidat [17]3 years ago
8 0

Answer:

a. The factor distribution of income describes the relationship between

3. capital and total income

b. The factor market and factor prices

1. allocation of income.

Explanation:

In economics, income distribution is defined as how a nation's total GDP is distributed amongst its population. On the other-hand, The factor distribution of income is the division of total income among labor, land, and capital. <em>Factor prices, which are set in factor markets, helps in the  determination of the factor distribution of income.</em>

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