Fair Distribution Of Income Flashcards
1
Q
Distribution of income
A
This described how Income is divided between individuals and households in a country
2
Q
Income
A
A flow of money over time , often as a reward for use of a factor of production
3
Q
Wealth
A
The monetary value of all the assets owned by and individual person , firm or country at a specific time
4
Q
causes of differences in the distribution of income
A
assets are distributed unevenly
wage differences
benefit reliance
age
Gender
5
Q
causes of differences in wealth
A
inheritance
saving
property
enterprise
6
Q
consequences of differences in the distribution of income and wealth
A
poverty
housing
health
education
lower economic growth
6
Q
A
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Q
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6
Q
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