INCOME AND

WEALTH
DISTRIBUTION

In

economics descriptively as how

a nations total economy is dispersed
amongst its population.

Income Distribution

Income Distribution has always been

an essential concern about the
economic theory & economic policy.

CLASSICAL

ECONOMIST

Adam

Smith

Adam Smith is often touted as the world's first free-market

capitalist. ... Smith's place in history as the father of
modern economics

THOMAS

MALTHUS

Malthus was interested in everything about Population. He accumulated

figures on births, deaths, age of marriage and childbearing, and economic
factors contributing to longevity. His main contribution was to highlight the
relationship between food supply and population.

DAVID

RICARDO

Ricardo made a fortune as a stockbroker and loan broker. When he

died, his estate was worth more than $100 million in todays dollars.
At age twenty-seven, after reading ADAM SMITHs
The Wealth of Nations, Ricardo got excited about economics.

The

distribution of wealth is a
comparison of the wealth of various
members or groups in a society. It differs
from the distribution of income in that it
looks at the distribution of ownership of
the assets in a society, rather than the
current income of members of that
society.

Wealth Distribution

The

Economic
Inequality

Economic

inequality refers to
how economic metrics are
distributed among individuals in a
group, among groups in a
population, or among the countries.

Rich
Middle
Class

Poor

Figure 2-1Wealth Distribution

Major

Causes of
Economic
Inequality

Culture and
religion
Wealth
Condensation
Labor
Market

Development

Major causes of
economic
Inequality

Inflation

Diversity
of Choice

Education
Globalization

Thank

You
for Listening !!!

Reporter.. Peter Paul Yamas