Analyze the trend of national income and per capita income in india
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National income-
The sum of money earned by each individual of the country.
It is not useful in determining how rich a country is.
Per capita income-
Sum of money earned divided by total population of the country.
It gives the idea of how much each individual of a country earns but it hides disparities as it does not show the money distribution pattern.
HOPE IT HELPS!
#Brainliest❤
The sum of money earned by each individual of the country.
It is not useful in determining how rich a country is.
Per capita income-
Sum of money earned divided by total population of the country.
It gives the idea of how much each individual of a country earns but it hides disparities as it does not show the money distribution pattern.
HOPE IT HELPS!
#Brainliest❤
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