Economy, asked by jintudeka, 10 months ago

(a)why is per capita income considered to be an inadequate measure of economic welfare?​

Answers

Answered by Nereida
23

✨HOLA!!!✨

Per capita income has certain limitations because of which it is an in adequate measure of economic welfare.

The limitations are as follows :-

  • It doesn't show disparities in the country .
  • It only shows the average of the income earned by the population .
  • It doesn't tell us how the income is distributed among the people .

HOPE IT HELPS UHH #CHEERS

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