The figure given below represents an imperfectly competitive resource market. Here common land (and not land used for specific purpose) is under consideration.Figure 18.1

-In a market system, incomes are distributed according to the:

Question

The figure given below represents an imperfectly competitive resource market. Here common land (and not land used for specific purpose) is under consideration.Figure 18.1
 
-In a market system, incomes are distributed according to the:

Quizplus · Accepted Answer

In a market system, incomes are distributed according to the ownership of resources. The individuals or firms who own the resources are able to bring them to the market and receive income in exchange for their use. This is based on the principle of private property rights, which is a fundamental aspect of market economies. Choices A, B, C, and E do not accurately describe the distribution of incomes in a market system.

The Figure Given Below Represents an Imperfectly Competitive Resource Market