What do they mean by a fail distribution of income

Reference no: EM133440732

Assignment:

Neoclassical economists claim that capitalism results in a fair distribution of income.

[A] What do they mean by a "fail" distribution of income?

[B] What are the two assumptions they make about the production process in the capitalist economy to justify their claim about the fair distribution of income in a capitalist economy?

[C] Why are these two assumptions problematic?

Reference no: EM133440732

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