income redistribution

income redistribution definition - business

income redistribution

Changing the manner in which income is distributed to members of an economy. For example, imposing tariffs and quotas on foreign-made goods would likely result in an income redistribution as domestic manufacturers experience greater demand for their products and find it necessary to pay higher wages to attract additional employees.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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