Explain the Difference Between Size and Functional Measures of Income

question 39

Essay

Explain the difference between size and functional measures of income distribution.

---

Definitions:

Analogical Thinking

A cognitive process of transferring information or meaning from a particular subject to another based on their similarity.

Metaphorical Thinking

A cognitive process that uses metaphor or symbolic comparison to understand and conceptualize complex ideas or phenomena by relating them to familiar objects or concepts.

Creativity

The ability to produce original and valuable ideas or solutions by thinking beyond established patterns or perspectives.

Incubation

Unconscious processing that works on a specific problem while the mind is otherwise occupied.