Remedies

Remedies There are two broad remedies : (a) Via Administered Prices. Prices may be fixed or manipulated in favour of the proper sections of society. (b) Via resources Redistribution. Labour resources can be redistributed by increasing vertical mobility, by providing...

TRANSFER EARNINGS

TRANSFER EARNINGS  Modem economists make use of the concept of transfer earnings, in order to explain the remuneration of the factors of production. Take the case of a worker. SUPIX)Se in his pre. cnt occupation he is earning Rs, 250. In case, he has to give up that...

EQUITY IN INCOME DISTRIBUTION

EQUITY IN INCOME DISTRIBUTION We have studied above the general them y of incollie distribution. Two questions arise: (oj Is the distribution equitable, fair and just’! (II) Why is there inequality of incomes? The first question is ethical and involves value...