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Indian Economy 1950-1990

Question

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What is the difference between equal distribution and equitable distribution?

Solution

Equal distribution means that every individual in the society gets the name share in the country's is national income. Equitable distribution, on the other hand, refers to a situation where differences in income are allowed but only within certain limits. These differences limits are to be such that they are socially warranted and are proportionate to the differences in qualification and skill of different individuals in the society.

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