The distribution of income is ultimately determined by (a) the distribution of the ownership of the factors of production and (b) the prices of the services of these factors of production.” Explain EACH statement. Please do not provide irrelevant statements

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter18: The Markets For The Factor Of Production
Section18.4: The Other Factors Of Production: Land And Capital
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The distribution of income is ultimately determined by (a) the distribution of the ownership of the factors of production and (b) the prices of the services of these factors of production.” Explain EACH statement. Please do not provide irrelevant statements

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