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In Communism with its truest form,where people should only do their dictated work and the state will take entire financial responsibility of their families,can national income be distributed equally in the society.But in practicality,it failed to provide necessary dividends and communism failed as witnessed in Soviet Russia and east European countries. Even China, being under communist regimes,opted for free market economy.Under democratic set up,there is ample scope for equal distribution of national income,provided there is no rampant corruption and people are really concerned and love their country from the core of their hearts.
What else can I help you with?
What are two types of income distribution?
Two types of income distribution are equal income distribution, where all individuals receive the same amount of income, and unequal income distribution, where income is not equally distributed among individuals resulting in some earning more than others.
What difficulties are encountered in comparing the standard of living of two countries by using their national income?
One difficulty encountered in comparing the standard of living of two countries by using their national income is the fact that the national income might not be distributed equally amount the people. A very few could be very rich while the majority of the people could be very poor.
What is the strength of a circular flow chart?
To show where income is distributed from external and internal factors To show where income is distributed from external and internal factors
What has the author Jean Petre written?
Jean Petre has written: 'The treatment in the national accounts of goods and services for individual consumption produced, distributed, or paid for by government' -- subject(s): Accounting, National income
Can you write a sentence using the word equally?
The estate was equally divided by the children. The chess masters were equally matched. It was equally apparent that they had no source of income.
What are the Importance of national income with the national income concept?
the national income is that by the means of national income v can know that how much the income of country and v can find the national income dedact the all rents allowences paymants salaries and wages
Why national income is important?
bcoz its national income
What is national income and per capita income?
National income- total income of the country Per capita income- average income of the country
Explain the importance of national income?
importance of national income.
What are the contribution of entrepreneurs in national development?
National development can come about through increase in employment, output, income and society's well-being. If entrepreneurs use their initiatives to venture into employment generation more output and income will be created. Through this process, entrepreneurs can actually contribute to the national development.
What is National Income Accounting as a method of National income?
Following are the method of national income accounting :-Product MethodExpenditure MethodIncome Method
What is national income accounting as a methods of national income?
Following are the method of national income accounting :-Product MethodExpenditure MethodIncome Method
