Writ short note on the Income of personal distribution
Writ short note on the Income of personal distribution?
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Income of personal distribution illustrates how regardless of its source, income is divided by quintiles amid all families in country. While the worst-off 20% of families is of lowest quintile obtain most of its income since wages and transfer payments, the best-off 20% gets substantial income from rent, profits and interest.
The perfectly competitive market structure benefits consumers since: w) firms do not generate goods at the lowest possible price within the long run. x) firms are forced through competitive pressure to be as efficient as possible. y) firms add a much
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