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Economics - Distribution Analysis: Introduction | 11th Economics : Chapter 6 : Distribution Analysis

Chapter: 11th Economics : Chapter 6 : Distribution Analysis

Distribution Analysis: Introduction

The factors of production viz., Land, Labour, Capital and Entrepreneur or Organization are involved in production.

Introduction

 

The factors of production viz., Land, Labour, Capital and Entrepreneur or Organization are involved in production. The theory of functional distribution deals with how the relative prices of these factors of production are determined. The theory of factor prices is popularly known as the theory of distribution. Interesting aspect here is in the fact that large number of ideas has emerged and various factors have been identified the economists, contributing to the development of Economics Science.


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