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What is meant by fair distribution?

What is meant by fair distribution?

Side by side diagram showing income as money flowing into a household over week, month and year, and wealth as assets minus debts at one date

The distribution of income is the way total income is shared between people or households in an economy. Governments care because a fair distribution can support reasonable living standards and chances in life, even when incomes are not exactly the same.

Fair distribution of income Lesson

  1. GCSE
  2. /Economics
  3. /Fair distribution of income

Step-by-step lessons covering OCR GCSE Economics Fair distribution of income for GCSE Economics. Each lesson works through exam-style questions in Component 01 and Component 02 format. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons