Concept information
Preferred term
income distribution theories
Definition
- THE DISTRIBUTION OF INCOME has been a central topic of economics since the time of Adam Smith and the classical economists. How income is distributed in a capitalist market economy is a vast, complex, and highly controversial area of economic analysis. [Source: Encyclopedia of World Poverty; Income Distribution Theories]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/income_distribution_theories
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