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The Principle of Distribution

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Questions and Answers

According to the principle of distribution, how should wealth be shared among those who participate in its production?

Based on seniority

In proportion to the value of each participant's contribution (correct)

Randomly distributed

Equally among all participants

What does the principle of participation imply about the right to earn a living?

It is a natural right for every person (correct)

It can only be earned through inheritance

It is a privilege for a select few

It is not a fundamental right

How can a person participate in the production of wealth?

By purchasing wealth

By inheriting wealth

By producing wealth or participating in its production (correct)

By receiving wealth from others

According to the principle of limitation, what is the maximum extent of ownership of productive property allowed for an individual or household?

Ownership of productive property is allowed as long as it does not exclude others from earning a viable income (C) Signup and view all the answers

What does the principle of limitation consider to be unjust in an economy?

The concentration of capital in the hands of some individuals or households (B) Signup and view all the answers

What is the purpose of the amplification provided in the remainder of the chapter?

To provide additional context on the principles stated (C) Signup and view all the answers

The Principle of Distribution

Choose a study mode

Podcast

Questions and Answers

According to the principle of distribution, how should wealth be shared among those who participate in its production?

What does the principle of participation imply about the right to earn a living?

How can a person participate in the production of wealth?

According to the principle of limitation, what is the maximum extent of ownership of productive property allowed for an individual or household?

What does the principle of limitation consider to be unjust in an economy?

What is the purpose of the amplification provided in the remainder of the chapter?

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