functional distribution of income

Functional distribution of incomeclick for a larger image
Fig. 78 Functional distribution of income. The functional distribution of national income for the UK, 2003. Source: UK National Accounts (Blue Book), ONS 2004.

functional distribution of income

the distribution of NATIONAL INCOME classified according to type of FACTOR INPUT: LABOUR CAPITAL, etc. Here income is seen as a payment for the various factor inputs in contributing to the output of the economy WAGES constitute the largest single element in factor payments, as Fig. 78 shows. See PERSONAL DISTRIBUTION OF INCOME.
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