According to the neoclassical theory of income distribution theory, the wages paid to john deere tractor assembly line workers are higher than those paid to fast food workers because assembly line workers produce a product of greater market value than fast food workers.
Distribution theory, in political economy, the systematic conceive to account for the sharing of the value among the house owners of the factors of production—land, labor, and capital. historically, economists have studied however the prices of those factors and also the size of their return—rent, wages, and profits—are mounted.
According to Keynes' own theory of financial gain and employment: "In the short amount, level of value so of employment is decided by combination demand and combination offer within the country. The equilibrium of value happens wherever combination demand is adequate combination offer.
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