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The equation B = f(P × S)
Income Distribution
Refers to how a nation’s total earnings are spread among its population.
Productive Resources
Assets, materials, or inputs used for the creation of goods or services, including natural resources, human capital, and capital goods.
Tax And Spending Policies
Refers to the fiscal decisions made by a government regarding how taxes are collected and revenues are spent to influence the economy.
Market Economy
An economic system where the forces of supply and demand determine the allocation of goods and services without much intervention by the government.
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