Question

4. Suppose records show that the average income in a country has been increasing
over a period of time. From this, can we conclude that all sections of the economy
have become better? illustrate your answer with an example.​

Answer 1

Answer: Increase in average income cannot be a guarantee of overall progress of the economy. As the data of Punjab and Kerala; in this chapter; show, there are other factors which also need to be analysed before arriving at a conclusion. Some of those factors are; infant mortality rate, literacy rate, etc.

Few examples have been seen in which clearly it was shown that there are many other factors which are important for the overall development of a particular society. Some factors are infant mortality rate and literacy rate etc.