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Income distribution
Title: Income distribution
Category: Business & Economy / Management
Details: Words: 2192 | Pages: 9.3 (approximately 235 words/page)
Income distribution
Introduction Economics have long sought to understand the links between economic growth and income distribution. According to Kuznets' hypothesis: A country's income distribution would first widen, then stabilise, and finally narrow with the economy development.
However, if the necessary result of the economy development is the income distribution's worsening, what's the value of the growth? It is meaningless for most people become poorer and only a small number of rich people become richer as a …showed first 75 words of 2192 total…
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…showed last 75 words of 2192 total…amp;lt;access on 24,November 2003> 5.Kaldor, N., "Model of Distribution," in Growth Economics, edited by Amartya Sen, Penguin Books, Middlesex, England, 1970, Pp.81-91 [Originally published in 1955-6].
6.Lambert, Peter J., The Distribution and Redistribution of Income, 3rd ed, Manchester University Press, Manchester, 2001.
7.Michael Parkin, Melanie Powell and Kent Matthews(2000), Economics, Person Educaton Limited 2000, Harlow 8.Paul.A. Samuelson and WilliamdNordhaus(1995),Economics, McGraw-Hill,Inc 9.Philip Hardwick, Bahadur Khan and John Langmead(1990), Modern Economics, Longman Publishing, New York
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