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Citation bot (talk | contribs) Alter: pages, template type. Add: bibcode, publisher, date. Formatted dashes. | Use this bot. Report bugs. | Suggested by Abductive | Category:Wikipedia articles needing page number citations from April 2024 | #UCB_Category 159/249 |
m Changing short description from "How a country's total GDP is distributed amongst its population" to "Way a country's income is divided between people" Tags: Shortdesc helper Reverted |
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[[File:Income inequality - share of income earned by top 1% 1975 to 2015.png|thumb|upright=1.5|Share of income of the top 1% for selected developed countries, 1975 to 2015]]
In [[economics]], '''income distribution''' covers how a country's total [[GDP]] is distributed amongst its population.<ref>{{cite book | last1 = O'Sullivan | first1 = Arthur | author-link = Arthur O'Sullivan (economist) | first2= Steven M. | last2 = Sheffrin | title = Economics: Principles in Action | url = https://archive.org/details/economicsprincip00osul | url-access = limited | publisher = Pearson Prentice Hall | year = 2003 | location = Upper Saddle River, New Jersey 07458 | page = [https://archive.org/details/economicsprincip00osul/page/n364 348] | isbn = 978-0-13-063085-8}}</ref> Economic theory and [[economic policy]] have long seen income and its distribution as a central concern. Unequal distribution of income causes [[economic inequality]] which is a concern in almost all countries around the world.<ref>{{Cite web |title=What is economic inequality? |url=https://wol.iza.org/key-topics/economic-inequality |access-date=28 April 2022 |website=wol.iza.org}}</ref><ref>{{Cite web |title=Distribution of Income |url=https://www.econlib.org/library/Enc/DistributionofIncome.html |access-date=2023-05-31 |website=Econlib |language=en-US}}</ref>
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