Distinguish between personal and functional distributions ( 3 marks)?
Distinguish
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Nov 20, 2023
Personal distributions refer to the allocation of income or resources to individuals based on their personal needs or preferences. This can include things like giving money or resources to individuals for personal use or enjoyment, such as giving someone a gift or providing them with a personal allowance.
Functional distributions, on the other hand, refer to the allocation of income or resources based on the functions or roles that individuals perform in society. This can include things like paying individuals for their work or providing them with resources based on their contribution to society, such as giving someone a salary or providing them with benefits based on their job or occupation.
In summary, personal distributions are based on individual needs or preferences, while functional distributions are based on the functions or roles that individuals perform in society.