Atelier Versace Couture Spring/Summer 2015 Collection on Distribution, theory of. The branch of economics concerned with explaining how the prices of factors of production (land, labour and capital), and hence the incomes they receive, are determined. It attempts to explain the way in which the total flow of goods (c> economic good) and services available for consumption is distributed among people in the economy map. The traditional approach is to analyse the question of distribution in terms of market analysis: each factor of production is bought and sold in a market. The conditions of the supply of and demand for each factor will determine its equilibrium price (rent, wages, interest) and the equilibrium quantity utilized, and the product of these gives the total flow of income to that factor of production. The reasons why a dentist earns more than a dustman would be given in terms of the supply and demand conditions for each of these types of labour, and so factors such as the period of training, restrictions on entry, etc., would be taken as determining the conditions of supply and demand. Atelier Versace Couture Spring/Summer 2015 Collection 2016.
Atelier Versace Couture Spring/Summer 2015 Collection