The World, Explained · 45 sec
Income distribution
A small piece of context that makes the wider world easier to read.
The useful idea
- The useful idea
In economics, income distribution covers how a country's total GDP is distributed amongst its population.
- How it works
Economic theory and economic policy have long seen income and its distribution as a central concern.
- Why it matters
Unequal distribution of income causes economic inequality which is a concern in almost all countries around the world.
Why this matters
Use Income distribution as context when interpreting events and claims about the world.
Try this
Use Income distribution as context when interpreting events and claims about the world.
Test your recall
Which idea belongs to the explanation of Income distribution?
- Why it matters
- How it works
- The useful idea — correct
In economics, income distribution covers how a country's total GDP is distributed amongst its population.