how does statistical data help the govt in reducing the inequality in income distribution ?
Alvy,
With the help of statistical data of national income, the government come to know the distribution pattern of the income of the country among various sections of society's people like- rich people, poor people and the middle class people. If this data is not available, government will be unaware about the inequality in income distribution pattern and no efforts can be made to reduce it.
We would advice you to not to keep on piling your questions, rather, you should keep posting 1 to 2 questions per subject (Accountancy, Economics and Business Studies) on everyday basis. Ideally, you should go through the study material that is available on our website and look for the answers to the questions. This will not only help you to enhance your analytical abilities but also will help you to learn the application of your knowledge. In this manner, you will gain confidence and will help you in evaluating your preparation.
With the help of statistical data of national income, the government come to know the distribution pattern of the income of the country among various sections of society's people like- rich people, poor people and the middle class people. If this data is not available, government will be unaware about the inequality in income distribution pattern and no efforts can be made to reduce it.
We would advice you to not to keep on piling your questions, rather, you should keep posting 1 to 2 questions per subject (Accountancy, Economics and Business Studies) on everyday basis. Ideally, you should go through the study material that is available on our website and look for the answers to the questions. This will not only help you to enhance your analytical abilities but also will help you to learn the application of your knowledge. In this manner, you will gain confidence and will help you in evaluating your preparation.