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THEORIES OF DISTRIBUTION
Study Material
THEORIES OF DISTRIBUTION
Very Short Answer Questions
Q1. State the determining factors of the demand for a factor
Q2. Point out the determining factors of the supply of labour
Q3. What is contract rent ?
Q4. Explain the concept of economic rent
Q5. What are money wages, time wages and piece wages ?
Q6. What are real wages ?
Q7. What is gross interest?
Q8. What is net interest, natural interest and market rate of interest ?
Q9. Write about the supply of savings
Q10. Write about the demand for capital
Q11. What is gross profit ?
Q12. What is net profit ?
Q13. State normal and supernormal profits
Q1. Explain the types of distribution in income
Q2. What are the factors that determine the factor prices?
Q3. Point out the assumptions and limitations of marginal productivity theory
Q4. What are the determining factors of real wages?
Q5. Explain the concept of gross profit
Q1. Explain critically the marginal productivity theory of distribution
Q2. Define rent and explain critically the Ricardian theory of rent
Q3. What is meant by real wages ? What are the factors that determine the real wages?
Q4. Explain the subsistence theory of wages and its criticism
Q5. What is interest ? Discuss different concepts of interest
Q6. Critically examine the classical theory of interest
Q7. What is meant by profit? Explain the various concepts of profit
Q8. Explain the dynamic theory of profit and its criticism