Department of International Trade, Kyonggi University, Suwon 16227, South Korea.
Sustainable economic growth is a pressing issue for most countries. Economic growth increases a country’s productivity and improves the living standards of the people, significantly contributing to the country and the people economically and socially. In general, as economic growth continues, analyzing its quantitative and qualitative aspects becomes necessary, considering also that when the quantitative growth of the economy progresses well, the importance of qualitative growth of the economy increases. Hence, this study conducted an economic analysis and research between national income and income distribution to understand the qualitative growth of the global economy. Specifically, we analyzed the United States, the United Kingdom, Germany, France, Italy, Canada, Norway, Sweden, Denmark, and South Korea.
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