Distribution Refers to the Way an Economy Allocates to Consumers

question 114

True/False

Distribution refers to the way an economy allocates to consumers the goods and services it produces.

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Definitions:

Promise

A declaration or assurance that one will do something or that a particular thing will happen, often forming the basis of a contract.

Requirements Contract

A contract in which one party agrees to supply as much of a product or service as the other party needs.

Composition Agreement

An arrangement where creditors agree to accept less than the full amount owed to them as full satisfaction of their claims.

Debtor

A person or entity that owes money to another party, usually as a result of borrowing.