In the 1990s, the growing income inequality is well known in some countries. Many scholars have studied and proposed their explanations of the phenomena. This paper primarily focuses on the effects of growing income inequality on the demand for farming products. In order to analyze the effects, we will construct a demand curve by using the bivariate probability distribution method. By using the properties of the newly constructed demand curve, we can find that the growing income inequality will decrease the quantity demanded of farming products, and that will cause the decline of farmers' income. Thus, it would fall into a vicious circle.
關聯:
Journal of Statistics and Management Systems vol. 7, no. 3 pp.443-456
