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Distribution theory Science

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Science

Lessons no : 9

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Vasudha Mahesh Shinde

Good 2023-03-24

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distribution theory, in economics, the systematic attempt to account for the sharing of the national income among the owners of the factors of production—land, labour, and capital. Traditionally, economists have studied how the costs of these factors and the size of their return—rent, wages, and profits—are fixed.