We consider an initial problem (IP) for a linear neutral system with distributed delays and derivatives in Caputo’s sense of incommensurate order, with different kinds of initial functions. In the case when the initial functions are with bounded variation, it is proven that this IP has a unique solution. The Krasnoselskii’s fixed point theorem, a very appropriate tool, is used to prove the existence of solutions in the case of the neutral systems. As a corollary of this result, we obtain the existence and uniqueness of a fundamental matrix for the homogeneous system. In the general case, without additional assumptions of boundedness type, it is established that the existence and uniqueness of a fundamental matrix lead existence and uniqueness of a resolvent kernel and vice versa. Furthermore, an explicit formula describing the relationship between the fundamental matrix and the resolvent kernel is proven in the general case too. On the base of the existence and uniqueness of a resolvent kernel, necessary and sufficient conditions for the stability of the zero solution of the homogeneous system are established. Finally, it is considered a well-known economics model to describe the dynamics of the wealth of nations and comment on the possibilities of application of the obtained results for the considered systems, which include as partial case the considered model.