Problem related to Income distribution

The necessary criterion for distribution asserts is that: (i) everyone requires a few luxuries to attain psychological balance. (ii) Output must be distributed in proportion to people’s requirements. (iii) Individual requirements will be met best when each receives equivalent income. (iv) People must produce in proportion to their material requirements. (v) Requirement determines want.

Can someone please help me in finding out the accurate answer from the above options.

View Complete Question

Related Questions in Public Economics

Q : Economic growth and development I have

I have a problem in economics on Economic growth and progress. Please help me in the following question. The Economic growth in a proficient economy will be decreased by: (i) Investment in new capital. (ii) Technological advances. (iii) Expanding the

Q : Define the behave of standard economic

Standard economic theory supposes that individuals behave: (w) along with charity towards others while they are particularly moral. (x) irrationally while they are in large groups. (y) like home economists when they are Homo sapiens. (z) purposefully

Q : Example of wasted water in inefficiency

Why do people usually assume that water run on sidewalks and within the street while they water their lawns? Is that wasted water a symbol of inefficiency?

Q : Assertion of a normative statement

How can I solve my economics problems? Please suggest me the right answer for an illustration of a normative statement, would be the assertion which: (w) bald men are intelligent. (x) balding advances along with age. (y) bald men must wear toupees. (z) strength and hi

Q : Charecteristics of market efficiency

Explain the characteristics of market efficiency?

Q : Uses of positive economic analysis Hey

Hey friends I need your help for given problem: Positive economic analysis would be least helpful like a guide to how a society can decrease: (w) specific criminal behavior from punishment. (x) inequality within th

Q : Problem on Capitalism economies I have

I have a problem in economics on Problem on Capitalism economies. Please help me in the following question. Economies primarily based on private resource ownership and decentralized decision making are: (i) Communistic economies. (ii) Fascist economie

Q : Explain economics as the study of

Economics is generally explained as the study of how societies and individuals: (1) make options about work and the division of labor, (2) try to maximize their financial wealth and incomes, (3) answer the fundamental economic questions of "Why, Where, and When", (4)

Q : Knowing the Property Rights Fee-simple

Fee-simple property rights comprise the right to: (1) Demolish things you own, sell them, or confer them away. (2) Duplicate a copyrighted work by paying the small fee. (3) Picnic in such publicly-owned facilities like national parks. (4) Employ

Q : Defining the term Money in Economic I

I need a good answer on the topic of Economic problems. Please give me your suggestion that how is defining Money a form of: (i) basic economic resource. (ii) the capital stock., (iii) financial capital. and (iv) precious metal.

Discover Q & A

Leading Solution Library

Avail More Than 1458588 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1934181
Asked

3,689

Active Tutors

1458588

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment