What is distribution in economics?

In economics, distribution is the way total output, income, or wealth is distributed among individuals or among the factors of production (such as labour, land, and capital ). In general theory and in for example the U.S. National Income and Product Accounts, each unit of output corresponds to a unit of income.

What is income distribution?

Income distribution can describe a prospectively observable element of an economy. It has been used as an input for testing theories explaining the distribution of income, for example human capital theory and the theory of economic discrimination (Becker, 1993, 1971).

What is resource distribution in economic theory?

This article is about resource distribution in economic theory. For distribution of products, see Distribution (marketing). For other uses, see Distribution. In economics, distribution is the way total output, income, or wealth is distributed among individuals or among the factors of production (such as labour, land, and capital ).