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Microeconomic Theory Tanima Dutta, Lovely Professional University
Notes
Unit-20: Macroeconomic Theories of Distribution
CONTENTS
Objectives
Introduction
20.1 Ricardo’s Revenue Distribution Theory
20.2 Marxist Theory of Revenue Distribution
20.3 Summary
20.4 Keywords
20.5 Review Questions
20.6 Further Readings
Objectives
After studying this unit, students will be able to:
• Know Ricardo’s Revenue Distribution Theory.
• Know Marxist Theory of Revenue Distribution.
Introduction
Total part of different sources of production of total national production of a country is calculated
by Macroeconomic Theories of Distribution. In other words, under Macroeconomic Theories of
Distribution groups of sources of production of total part have been calculated. Following are the
Macroeconomic Theories of Distribution.
20.1 Ricardo’s Revenue Distribution Theory
Revenue distribution theory established by Ricardo is an important macro theory. In this theory,
whole economic system has been distributed in a group of agriculture and industry and income
received through it is divided into a group revenue, wages and profit.
Revenue distribution theory established by Ricardo is an important macro theory.
322 LOVELY PROFESSIONAL UNIVERSITY
