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• Social audit
• Significance of theory.
• Psychological process.
Refining theories of income distribution is a major challenge in research on
income distribution.
Social structure and religion of a society greatly influences the culture of that
country. There are two basic patterns of social structure: Emphasis on
individual or group, and social stratification. Individualistic societies favor
capitalism, but may lack teamwork and co-operation. Society may be
stratified on the basis of caste or class. Caste and class conflicts need to be
minimized to reduce industrial disruptions.
Power distance