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Income distribution has always been a central concern of economic theory and economic policy. Classical economists such as Adam Smith, Thomas Malthus and David Ricardo were mainly concerned with factor income distribution, that is, the distribution of income between the main factors of production, land, labour and capital.
This means that even though a future contingent will occur, it may not have done so according to present contingent facts; as such, the truth value of a proposition concerning that future contingent is true, but true in a contingent way. al-Farabi uses the following example; if we argue truly that Zayd will take a trip tomorrow, then he will ...
Modal logic is a kind of logic used to represent statements about necessity and possibility.It plays a major role in philosophy and related fields as a tool for understanding concepts such as knowledge, obligation, and causation.
Contingency is one of three basic modes alongside necessity and possibility. In modal logic, a contingent statement stands in the modal realm between what is necessary and what is impossible, never crossing into the territory of either status. Contingent and necessary statements form the complete set of possible statements.
The Lorenz curve is a probability plot (a P–P plot) comparing the distribution of a variable against a hypothetical uniform distribution of that variable. It can usually be represented by a function L ( F ), where F , the cumulative portion of the population, is represented by the horizontal axis, and L , the cumulative portion of the total ...
{{Logical truth | state = collapsed}} will show the template collapsed, i.e. hidden apart from its title bar. {{Logical truth | state = expanded}} will show the template expanded, i.e. fully visible. Rows represent two different mathematical approaches to the truth, and a special series about the false. The order of columns also does matter.
In economics, distribution is the way total output, income, or wealth is distributed among individuals or among the factors of production (such as labour, land, and capital). [1] In general theory and in for example the U.S. National Income and Product Accounts , each unit of output corresponds to a unit of income.
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