What Is Meant by a Perfectly Equal Distribution of Income

question 161

Short Answer

What is meant by a perfectly equal distribution of income? Use a graph to depict such a situation.

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Definitions:

Bills Of Exchange

Written orders for the payment of a specified sum of money to a designated person, either on demand or at a set time.

Legislation

Laws that have been enacted by a legislature or other governing body.

Jurisdiction

The official power or authority of a legal body to make decisions and judgments in a specific geographic area or over certain types of legal cases.

Promissory Note

A written promise to pay a specified sum of money to a designated person or the bearer at a specified date or on demand.