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Which area of economics involves the distribution of a country's total income among wages, profits, and interest?
  • a)
    Consumption
  • b)
    Production
  • c)
    Distribution
  • d)
    Economic forecasting
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which area of economics involves the distribution of a country's total...
The study of distribution in economics focuses on how a country's total income or GDP is distributed among various factors, including wages, profits, and interest.
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Which area of economics involves the distribution of a country's total income among wages, profits, and interest?a)Consumptionb)Productionc)Distributiond)Economic forecastingCorrect answer is option 'C'. Can you explain this answer?
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