Economy, asked by sunitaparasher54, 8 months ago

Advantages and disadvantages of per capita income !! minimum 4 points!!​

Answers

Answered by theuniverseboss
17
Per capita income = total income of country divided by total population.

Advantages:

•Easy to compare as the population of a country is taken into account.
•Gives a figure for every country.
•Gives good figures, so world leaders know where to spend money.
•Good indicator to show provision of services.

Disadvantages:

•Hides extremes.
•Doesn't say how wealth is spread.
•Doesn't take the cost of living into account.
•Only takes money into account
Illegal workers and volunteers aren't included.

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