Income distribution
Income distributon is about how the total income in a country are distributed among households in the economy. The income distribution can be very unfair in a pure market economy.
In a dictatorship, it can also be a very unfair or uneven distribution of income. Communism is a political initiative which aims to achieve a completely equal distribution of income in a country. If every household in the economy have the same income, it is a completely equal distribution of income in the country. If one person has all the income and the rest of the population are slaves, it's a complete income inequality in a country. In a market economy, the government can use taxes and subsidies to make income distribution more evenly distributed in the country.
Updated
4/29/2013
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income distribution, microeconomic theory, economics