Question
Micro Theory of Distribution and Macro Theory of Distribution.
| Micro Theory of Distribution | Macro Theory of Distribution. |
| (a) Micro Theory of distribution refers to distribution of Factor Income to individual factor owners for their contribution to the production of a commodity or service. | (a) Macro theory of distribution refers to distribution of National Income to factors like wages to the labourers, rent to landlords and interest to capitalist. |
| (b) It is determined by the market forces of demand and supply. | (b) It is determined by the Aggregate demand and Aggregate supply and Employment level in the country. |
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