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What two key factors contribute to the differences in income distribution?
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∙ 12y ago
Two key factors that contribute to the differences in income distribution are education and job skills. Higher levels of education and specialized job skills tend to lead to higher paying job opportunities, which can contribute to a more unequal income distribution in a society. Additionally, systemic factors such as discrimination, globalization, and technological advancements can also play a role in income inequality.
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What are three factors to consider in creating goals for savings?
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What is having one side of the distribution looking the same as the other side?
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What is the definition of the term demographic factors?
Demographic factors mean Socioeconomic characteristics of a population expressed statistically, such as age, sex, education level,income level, marital status, occupation, religion, birth rate, death rate, average size of a family, average age at marriage. A census is a collection of the demographic factors associated with every member of a population.
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What are the types of income distribution?
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