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How does money help in the distribution of national income? - Economic Applications

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प्रश्न

How does money help in the distribution of national income?

संक्षेप में उत्तर
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उत्तर

  1. Money facilitates the distribution of national income among people. Total output of a country is jointly produced by different factors of production.
  2. So this will have to be distributed among them. Money helps in the distribution of national product through the system of factor prices, e.g., wage, rent, interest and profit, which are expressed in money terms. 
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अध्याय 7: Meaning and Functions of Money - QUESTIONS [पृष्ठ १८४]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 7 Meaning and Functions of Money
QUESTIONS | Q 8. | पृष्ठ १८४
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