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Current Category » Introduction to Agriculture Economics

What is Distribution?

By distribution we mean “Accounts for the sharing of the wealth produced by a community among the agents, or owners of the agents, which have been active in its productions.

Here distribution is functional not personal. It is distribution not among individuals but among agents of production. A person may represent in his person all the four agents, eg. A peasant (cultivar) may be landlord, organizer, laborer and capital owner. Here we do riot discuss how much he earns as an individual hut the reward that he gets separately for supplying each factor of production. Thus, we study distribution in the form of rent, wages, interest and profits.

We will discuss the rent, wages, interest & profits in next topics.

 

Current Category » Introduction to Agriculture Economics