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