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Distribution of income most certainly is relevant. An economy with one billionaire and a million serfs will allocate resources very differently from one with less extreme differences. That is to say, markets will price goods and services in an entirely different way in one economy compared to the other.

[QUOTE="Grey, post: 2518801, member: 65112"] Distribution of income most certainly is relevant. An economy with one billionaire and a million serfs will allocate resources very differently from one with less extreme differences. That is to say, markets will price goods and services in an entirely different way in one economy compared to the other. [/QUOTE]

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