How is the income distribution in a society largely determined

Question

Quizplus · Accepted Answer

The income distribution in a society is largely determined by factors that determine wages, such as education, skills, experience, and job demand. While government policies and business decisions may have some influence, they are ultimately limited by the underlying factors that determine wages. Geographic sectors of the country may also play a role in determining wages, but this is largely tied to factors such as population density, access to resources, and regional economies, rather than a direct influence on income distribution.

How Is the Income Distribution in a Society Largely Determined